Uncategorized

Petrobras Comeback Snubbed by Former Backer as Election Nears

 

Petrobras may be making progress in its plan to reduce debt, but a former shareholder in the state-controlled energy giant isn’t ready to jump back in quite yet.

Aberdeen Asset Management Plc, the Scottish emerging-markets investor that backed Petrobras for more than a decade, exited the bet in 2014 as the Brazilian oil producer dealt with the so-called Carwash graft probe. Since then, a new CEO is pushing a plan to reduce the debt load it carries with asset sales and partnerships.

Read more

Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s