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

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

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.