Petrobras May Raise $13.6B From Stakes Sale

Rio de Janeiro-basedPetrobrasmay divest its interest in Brazilian companies to generate cash,Bloombergreports. The oil producing company will sell parts of exploration licenses in Brazil and overseas to amass $13.6 billion from asset sales and cost cuts.

The state-controlled company holds a 21.69% stake in Latin American petrochemicals producing firm巴西. Petrobras also owns holdings in domestic natural gas distribution companies and power plants that can be traded to raise funds for its $224.7 billion investment plan.

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