Brazil's Petrobras Finalizes Sale of Nansei Sekiyu for $165M
SAO PAULO, Dec 29 (Reuters) – Brazil's state-run oil company Petroleo Brasileiro SA closed the sale of a 100 percent stake in Nansei Sekiyu to Taiyo Oil Company, according to a securities filing on Thursday.
Petrobras said Taiyo agreed to pay $165 million in relation to the transaction. Japan-based Nansei Sekiyu is a refinery in Okinawa with capacity to process 100,000 barrels of oil per day, according to the filing.
(Reporting by Ana Mano. Editing by Jane Merriman)
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