The Petrobras logo is reflected in the window of the company’s headquarters in Sao Paulo April 23, 2015.
REUTERS/PAULO WHITAKER
Reuters reports that indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be interested buyers, three sources familiar with the matter said on Wednesday.
Petrobras, whose total debts of some $170 billion make it the third-most indebted non-financial company in the world and the biggest debtor in the oil industry, is exploring the sale of stakes in a series of assets to raise around $5 billion, the sources said.
Brazil Energy Insight 
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