Brazil’s Petrobras sells stake in Deten Quimica for $117 million

Industry:    2022-04-28

Brazil’s Petrobras said on Wednesday its board approved the sale of its 27.88% stake in Deten Quimica SA for 585 million reais ($117.84 million) to Cepsa Quimica SA.

The buyer already owns a 69.94% stake in Deten, which manufactures and sells main raw materials for the domestic and commercial cleaning sector in Brazil, according to a securities filing.

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