Brazil’s state-owned oil and gas firm Petrobras is on the lookout for potential asset acquisitions after spending years selling off stakes in upstream and downstream businesses, chief financial officer Sergio Caetano Leite told Bloomberg in an interview published on Tuesday. Thanks to lowered debt and stronger cash flow generation and financing, Petrobras could be ready for an acquisition, the executive said.
“Petrobras had a divestment program,” Leite told Bloomberg. “The company has now changed sides of the table.”…Brazil’s Petrobras Looks To Buy Oil Assets After A Decade Of Divestments
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