November 26, 2019 / 12:21 PM / 6 months ago

Brazil's Petrobras talks to sell fertilizer ops to Acron Group end with no deal

SAO PAULO, Nov 26 (Reuters) - Brazilian state-run Petroleo Brasileiro SA said on Tuesday that talks to sell its fertilizer business to Acron Group ended with no agreement.

In a securities filing, Petrobras, as the company is known, added it remains committed to divest Araucária Nitrogenados SA (ANSA) and Unidade de Fertilizantes Nitrogenados III (UFN-III), in order to improve its portfolio and capital allocation. (Reporting by Gabriela Mello, editing by Louise Heavens)

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