Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Petrobras, BTG Pactual to sell their Nigerian oil venture

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2017 | 10:06pm CET

State-controlled oil company Petroleo Brasileiro SA (Petrobras) is leading an effort to sell Petrobras Oil and Gas BV (Petrobras Africa), after being joined in the sale by shareholders Grupo BTG Pactual SA and Helios Investments, it said on Thursday.

Heavily indebted Petrobras announced plans this week to sell its 50 percent stake, and began sending information on the company to potential investors.

It has been joined in the sale by BTG Pactual E&P BV, a subsidiary of investment bank Grupo BTG Pactual SA, and Helios Investments, who will offer their respective 40 percent and 10 percent stakes.

Grupo BTG Pactual tried to sell its stake separately earlier this year. It held talks with a group of Nigerian investors but failed to reach an agreement, a source with knowledge of the matter told Reuters. BTG Pactual did not immediately comment.

Petrobras, the world's most indebted oil company and focus of a massive corruption scandal, is seeking to offload $21 billion in assets through 2018 and has moved aggressively to cut debt.

Petrobras Africa participates in two deepwater oil exploration blocks off the coast of Nigeria that contain the Akpo and Agbami producing fields and are operated by Total SA (>> Total) and Chevron Corp (>> Chevron Corporation) respectively.

(Reporting by Tatiana Bautzer in Sao Paulo and Alex Alper in Rio; Editing by Susan Thomas)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PETROLEO BRASILEIRO SA PET
01/19 PETROLEO BRASILEIRO PETROBRAS : Negotiations for corporate restructuring of Bras..
01/19 CLARIFICATION ON NEWS : Court dispute with Braskem
01/19 PETROBRAS : - Governance and Compliance Officer Selection Process
01/19 PETROLEO BRASILEIRO PETROBRAS : Petrobras owes Brazil billions, unlikely to pay ..
01/19 PETROBRAS : Achieves Record Production in Brazil for the Fourth Consecutive Year
01/18 PETROLEO BRASILEIRO PETROBRAS : Petroleb plays with the big firms in oil explora..
01/18 PETROLEO BRASILEIRO PETROBRAS : U.S. Court of Appeals for the D.C. Circuit - Arg..
01/18 PETROLEO BRASILEIRO PETROBRAS : Approval of revision of pricing policy for house..
01/18 PETROBRAS : ` Oil Production Reaches Record Levels in 2017
01/18 PETROLEO BRASILEIRO PETROBRAS : Governance and Compliance Officer Selection Proc..
More news
News from SeekingAlpha
01/21 ECOPETROL SA : Benefiting From Rising Oil Prices And Oil Discoveries
01/19 Petrobras owes Brazil billions but unlikely to pay in 2018, minister says
01/16 Total boosts Brazil production with transfer of sub-salt fields
01/11 3 Companies Poised To Profit Off Brazilian Pre-Salt Plays
01/09 CNOOC : An Asian Oil Tiger Paying A Nice Dividend
Financials ( BRL)
Sales 2017 287 B
EBIT 2017 46 951 M
Net income 2017 17 006 M
Debt 2017 298 B
Yield 2017 4,30%
P/E ratio 2017 14,04
P/E ratio 2018 9,68
EV / Sales 2017 1,90x
EV / Sales 2018 1,64x
Capitalization 246 B
Chart PETROLEO BRASILEIRO SA PET
Duration : Period :
Petroleo Brasileiro SA Pet Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Technical analysis trends PETROLEO BRASILEIRO SA PET
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 21,2  BRL
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Pedro Pullen Parente President, CEO & Executive Director
Luiz Nelson Guedes de Carvalho Chairman
Ivan de Souza Monteiro Chief Financial & Investor Relations Officer
Roberto Moro Chief Engineering & Technology Officer
Segen Farid Estefen Director
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS13.04%77 079
ROYAL DUTCH SHELL3.17%293 662
PETROCHINA COMPANY7.91%243 443
TOTAL3.34%146 197
STATOIL4.97%76 662
ENI8.33%65 857