Petroleo Brasileiro S.A. - Petrobras (PBR)

[lecorb]

MARKETS INSIDER:PBR
Petroleo Brasileiro SA, (ADR) (NYSE:PBR) the world’s most indebted publicly-traded oil company, agreed to sell a stake in a Brazilian natural gas distributor as it seeks to raise cash and divest lower return assets. Petrobras, as the Rio de Janeiro-based crude producer is known, is selling a 40 percent stake in Gasmig to controller Cia. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) in last trading activity ended up at $17.08 with day range of $16.66 – $17.23. Company weekly performance is 12.44% while its quarterly performance stands at 21.91%.Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is -1.77% away from its 52 week high.

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