Brazil’s state-controlled oil company Petrobras said that its executive directors have rejected offers to buy its Argentina operations, in the latest setback for the company’s £6billion asset-sale plan.
The announcement, which was made in a terse securities filing, did not say how many offers were made or which assets were the subject of the offers.
The company is trying to sell assets in Latin America, the US, Japan, Brazil and Africa to help pay for a £156billion five-year expansion which is the world’s largest corporate investment programme
Recommended for you
