Petrobras Transfer-Of-Rights Auction Could Happen In Late 2019

Instant Max AI

(Reuters, 21.Feb.2019) Brazil’s Energy and Mines Minister Bento Albuquerque said on Thursday that a long-awaited auction of the so-called transfer-of-rights area in which oil company Petroleo Brasileiro SA operates could happen in the last quarter of 2019.

Albuquerque also hopes to carry out a follow-on share offering for state-controlled utilities company Centrais Eletricas Brasileiras, he said, speaking at an event.

(Reporting by Rodrigo Viga; Editing by Christian Plumb)

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