Sao Paulo — Brazil state-controlled oil company Petroleo Brasileiro SA has begun the sale process for its biofuels unit Petrobras Biocombustivel, the company said in a filing on Friday.
Petrobras will sell three biodiesel plants, but not stakes owned by the biofuel unit in the companies BSBios and Bambui Bioenergia (8,4%). The sale of the biofuels unit is part of the company’s large divestment program to reduce its debt.
- Reuters
