Brazil's Petrobras sells stake in Deten Quimica for $117 million & More News Here

A normal view of a Brazilian oil firm Petrobras fuel station in Brasilia, Brazil March 7, 2022. REUTERS/Adriano Machado

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April 27 (Reuters) – Brazil’s Petrobras mentioned on Wednesday its board accepted the sale of its 27.88% stake in Deten Quimica SA for 585 million reais ($117.84 million) to Cepsa Quimica SA.

The purchaser already owns a 69.94% stake in Deten, which manufactures and sells major uncooked supplies for the home and business cleansing sector in Brazil, in line with a securities submitting.

($1 = 4.9642 reais)

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Reporting by Peter Frontini
Editing by Chris Reese

Our Standards: The Thomson Reuters Trust Principles.

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