Brazil's Petrobras sells African stake for $1.4bn.

Position:Business Intelligence: Deals

Petrobras, the Brazilian state-owned oil company, has sold its 50% stake in its African business for $1.4bn to a consortium led by independent energy trader Vitol. The remaining shares will continue to be held by BTG Pactual and UK-based Helios Investment Partners. The deal is part of a wider debt reduction strategy by the Brazilian...

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