Brazilian state-run energy giant Petroleo Brasileiro SA (Petrobras) is to acquire balance 30% stake in local refinery Refap from Repsol YPF SA for US$850 mln. Repsol had acquired 30% in 2001 from Petrrobas in an asset exchange between the companies.
For more details on Petrobras to acquire stake in Refap from Repsol to hike holdimg to 100% click here
Wednesday, December 15, 2010
Petrobras to acquire stake in Refap from Repsol to hike holdimg to 100%
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