Market Overview

Petrobras To Acquire Remaining 50% Stake In Pasadena Refining

Share:
Related PBR
15 Biggest Mid-Day Gainers For Wednesday
Benzinga's Top Upgrades, Downgrades For March 22, 2017

Petroleo Brasileiro SA (NYSE: PBR), or Petrobras, announced its plans to buy 50% of the remaining stake in Pasadena Refining Systems for a total of $820.5 million.

Petrobras had bought a 50% stake in Pasaneda refinery in 2006 for $360 million.

Petrobras shares closed at $18.77 on Friday.

Posted-In: merger and acquisitionNews M&A

 

Related Articles (PBR)

View Comments and Join the Discussion!