FT: Anadarko Shelves Brazil Sale Process

Anadarko Petroleum Corp. has shelved the sale process for its Brazilian assets, the Financial Times reported Thursday.

The FT report, which cited people familiar with the matter, said the assets didn't "attract a high enough price."

Anadarko said in a statement to Dow Jones that "we are continuing to assess what a potential unitization would mean for us and for the value it might represent and therefore we are currently in a holding pattern with regard to any divestitures in Brazil."
 

Copyright (c) 2012 Dow Jones & Company, Inc.

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