Brazil's Petrobras closes $1.5 billion deal to sell stake in African joint venture
The facade of the headquarters of Petroleo Brasileiro S.A. (PETROBRAS) is pictured in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio Moraes
Petrobras, as the company is known locally, said in a filing that it had sold the PO&GBV stake for just under $1.5 billion to Petrovida Holding, which is formed by Vitol Investment Partnership II, Africa Oil Corp and Delonex Energy.
It added that with the transaction, it had “completely closed its operational activities in Africa.”