BRIEF-Brazil's Petrobras close to concluding sale of Petrobras Argentina

jueves 14 de julio de 2016 17:02 GYT

July 14 (Reuters) - Chief executive of Brazil's state-run oil company Petroleo Brasileiro SA, Pedro Parente, said on Thursday the company was close to completing the sale of Petrobras Argentina

* The sale of its Argentine asset is part of a larger divestiture plan intended to reduce the companies debt load

* Parente said the company received three proposals for sale of participation in its fuel distribution unit BR Distribuidora

* The executive added that the company has liberty to set fuel pricing in Brazil