Petrobras concludes sale of BSBios and receives $47 mm

Petrobras, through its subsidiary Petrobras Biocombustível (Pbio), concluded the sale of its 50% participation in BSBios. For the operation, the state-owned company received a total of R$ 253 million ($47 mm) on Tuesday. In addition to this amount, will be kept another R$ 67 million ($12 mm) in a linked account for compensation for any contingencies and released as provided in contract.

Source: Infomoney