Petrobras in $380M Colombia asset sale

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR) agrees to sell some of its Colombian assets to France's Perenco Corp. for $380M, the latest sale in its plan to raise $9.9B to focus on developing offshore fields in Brazil.

PBR says it will continue to operate in Colombia through offshore exploration activities, a distribution network and one remaining onshore block.