Brazil's national development bank BNDES approves a 2.2B real ($1.1B) loan to help finance the...

|By:, SA News Editor

Brazil's national development bank BNDES approves a 2.2B real ($1.1B) loan to help finance the construction of a fertilizer plant by state-run Petrobras (PBR +3.9%). PBR is building Brazil's biggest fertilizer plant in the state of Mato Grosso do Sul; the plant is set to begin operations in 2014. (also)