Re: COME Sociedad Comercial del Plata
Publicado: Vie Mar 27, 2015 12:51 pm
(BN) Petrobras Said to Start Asset Sale With Argentine Eurnekian Deal
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Petrobras Said to Start Asset Sale With Argentine Eurnekian Deal
2015-03-27 14:48:48.156 GMT
By Rodrigo Orihuela and Daniel Cancel
(Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to billionaire Eduardo Eurnekian’s Corporacion America, two people with knowledge of the deal said.
The sale, the first divestment since a management overhaul at Petrobras last month, was approved by the Rio de Janeiro- based company’s board this month, the people said, asking not to be identified before the companies make an announcement as early as Monday. The fields, located in Santa Cruz province in the southern Patagonia region, are valued at about $90 million, one of the people said.
The sale process in Argentina began in September and was delayed as Petrobras became ensnared in a corruption scandal that led to the resignation of Maria das Gracas Silva Foster as chief executive officer in February. New CEO Aldemir Bendine is leading a review of investment plans and corporate governance and is seeking to increase asset sales to raise funds as the company is locked out of international credit markets.
Eurnekian is looking to expand his oil and gas unit, one of several industries he runs under the holding company including airports and construction.
Corporacion America’s press department in Buenos Aires declined to comment. Petrobras’ press department in Rio de Janeiro didn’t respond to requests for comment on the deal.
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Petrobras Said to Start Asset Sale With Argentine Eurnekian Deal
2015-03-27 14:48:48.156 GMT
By Rodrigo Orihuela and Daniel Cancel
(Bloomberg) -- Petroleo Brasileiro SA, the state-controlled company at the center of Brazil’s biggest corruption scandal, agreed to sell oil and natural gas fields in southern Argentina to billionaire Eduardo Eurnekian’s Corporacion America, two people with knowledge of the deal said.
The sale, the first divestment since a management overhaul at Petrobras last month, was approved by the Rio de Janeiro- based company’s board this month, the people said, asking not to be identified before the companies make an announcement as early as Monday. The fields, located in Santa Cruz province in the southern Patagonia region, are valued at about $90 million, one of the people said.
The sale process in Argentina began in September and was delayed as Petrobras became ensnared in a corruption scandal that led to the resignation of Maria das Gracas Silva Foster as chief executive officer in February. New CEO Aldemir Bendine is leading a review of investment plans and corporate governance and is seeking to increase asset sales to raise funds as the company is locked out of international credit markets.
Eurnekian is looking to expand his oil and gas unit, one of several industries he runs under the holding company including airports and construction.
Corporacion America’s press department in Buenos Aires declined to comment. Petrobras’ press department in Rio de Janeiro didn’t respond to requests for comment on the deal.