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Petrobras (PBR) agrees to acquire a 100% stake in Brazil's Araucaria Nitrogenados from Vale...

Petrobras (PBR) agrees to acquire a 100% stake in Brazil's Araucaria Nitrogenados from Vale (VALE) for $234M. Araucaria Nitrogenados has a fertilizer production plant with the capacity of 700K tons/year of urea, 475 tons/year of ammonia and 450K cubic meters/year of Arla 32. PBR +1.7%, VALE -1.1% premarket.
Comments (1)
  • Blutopaz
    , contributor
    Comments (92) | Send Message
     
    ....wouldnt this 234 mill offset the Swiss taxes they are being docked...???.....BluTo...
    19 Dec 2012, 10:40 AM Reply Like
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