The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 16thBeijing International Natural Gas Technology & Equipment Exhibition

ufi

BEIJING, China

March 26-28,2026

LOCATION :Home > News> Industry News

Petrobras to sell Argentina, Chile assets for $1.4 billion

Pubdate:2016-05-05 10:34 Source:mcc Click:
RIO DE JANEIRO (Bloomberg) -- Petrobras has agreed to sell assets in Argentina and Chile for about $1.4 billion, as Brazil’s state-controlled oil producer looks to raise cash and focus on deepwater projects in Brazil.
 
The Rio de Janeiro-based producer has completed negotiations to sell its 67.2% stake in Petrobras Argentina SA to Pampa Energia SA for $892 million, it said Tuesday in a regulatory filing. It also agreed to sell Petrobras Chile Distribucion Ltda. to Southern Cross Group, a private equity company, for about $490 million, it said in a separate filing.
 
Petroleo Brasileiro SA, as it’s formally known, is scaling back its Latin American operations as it looks to complete a two-year, $15.1 billion asset sale program to reduce leverage and finance development of offshore oil fields in Brazil. The company has slashed investments to help navigate the oil market rout and reduce the largest debt load in the oil industry.
 
The company will keep a 34% stake in the Rio Neuquen natural gas concession in Argentina and full ownership of the Colpa Caranda natural gas fields in Bolivia that belonged to its Argentina unit, known as PESA. The Chilean distribution company has assets including 279 filling stations and eight fuel terminals. Both sales are pending approval from Petrobras’s board and regulators.
 
Petrobras ADRs rose 1.8% to $7.30 at 2:12 p.m. The stock has surged 70% this year.
 
Buenos Aires-based Pampa Energia, born as an investment vehicle created by businessman Marcelo Mindlin to target distressed opportunities after Argentina’s record $95 billion 2001 default, will become the country’s most diversified energy company once the deal with Petrobras is signed and approved by regulators. Its ADRs rose 3.4% to $20.54.
 
"We like the fact that some of the assets of Petrobras Argentina are core assets for Pampa," Juan Manuel Vazquez, head analyst at Puente SA, wrote in an emailed report. "Also, we believe that Pampa may want to look at selling PESA’s refining and distribution businesses as well as the petrochemical businesses, as these are non-core businesses."
 
The price paid by Pampa for the Argentine unit is 13% below Raymond James’ valuation of the assets, according to an emailed report by analysts including Santiago Wesenack. "The financing structure of the deal, which is unknown at this point in time, will be a key factor in determining the final effect on the company’s valuation," the analysts wrote.
 
Among implications of the acquisition for Petrobras Argentina’s bondholders, Pampa will have to tender the company’s 2017 notes at $101, in line with the change of control clause included in the indenture of the bond, Puente’s Vazquez said in his report. The outstanding amount of the 5.875% notes that mature in May 2017 is $300 million, and Pampa may choose to refinance the bond, Vazquez wrote.
主站蜘蛛池模板: 天天射天天操天天干| 精品久久久无码人妻中文字幕 | 国产一区二区三区日韩精品| 五月综合色婷婷| 香蕉视频在线看| 欧美亚洲人成网站在线观看| 国产网站麻豆精品视频| 亚洲狠狠婷婷综合久久久久| 国产午夜久久精品| 免费真实播放国产乱子伦| 一级一片免费视频播放| 精品国产粉嫩内射白浆内射双马尾| 揉美女胸的黄网站| 四影虎影ww4hu32海外网页版| 中文字幕国产专区| 精品无码国产AV一区二区三区| 性做久久久久久免费观看| 全彩福利本子h全彩在线观看| 一二三四视频社区在线| 男人天堂网2017| 国产高清视频网站| 亚洲人成网男女大片在线播放| 亚洲入口无毒网址你懂的| 日韩福利电影网| 日韩人妻无码精品无码中文字幕 | 劲爆欧美第一页| jizz国产丝袜18老师美女| 波多野结衣与黑人| 国产精品成人免费视频网站| 乱码在线中文字幕加勒比| 野花日本免费观看高清电影8| 无遮挡边吃摸边吃奶边做| 动漫做羞羞的视频免费观看| a级成人毛片免费图片| 欧美日韩亚洲精品国产色| 国产真实乱偷人视频| 久久精品中文字幕一区| 美女羞羞喷液视频免费| 天堂草原电视剧在线观看图片高清 | 2018国产大陆天天弄| 日韩视频在线播放|