Petrobras opens binding phase for sale of four refineries

Brazil’s state-run oil company Petrobras SA has started the binding phase for the sale of four refineries, according to a filing.

In this first divestment phase, Petrobras has put up for sale refineries Abreu e Lima, Landulpho Alves, Presidente Getulio Vargas and Alberto Pasqualini. Potential buyers will receive invitation letters.

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