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Financial News: PETROBRAS: Company Formally Launches Fertilizer Units Sale

PETROBRAS: Company Formally Launches Fertilizer Units Sale

09/11/2017 - 17:46:00 (RTTNews)

(RTTNews) - Brazil's Petrobras launched the sale offer of its fertilizer units Araucária Nitrogenados SA (Ansa) and UFN-III.

The transaction is part of Petrobras' strategy to exit the fertilizer production, as announced by the company in its 2017-2021 Business and Management Plan.

The construction of the UFN-III was interrupted in December 2014, with about 80% of the physical structure completed, but with the asset transfer to a future buyer the works in the project may be resumed, the oil company said in a statement.

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