Petrobras (PBR) Divests 30% Stake in Brentech to Enegen
PBRPetrobras(PBR) ZACKS·2024-06-07 21:10

Petrobras (PBR) , the Brazilian oil and gas company, divested its 30% stake in Brentech Energia SA to its joint venture partner, Enegen Participações Ltda, which owned the remaining 70%. This deal was closed by the signing of the share purchase agreement, without any precedent conditions. The transaction was valued at BRL 10.6 million (approximately $2 million), paid in full at the signing.Strategic Alignment With Decarbonization GoalsPBR's Decarbonization Strategy: This sale aligned with PBR’s broader stra ...