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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.
Brazil’s Petrobras sells stake in Deten Quimica for $117 million & More Latest News Update
Brazil’s Petrobras sells stake in Deten Quimica for $117 million & More Live News
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