December 5, 2018 / 11:43 AM / 6 days ago

Brazil's Petrobras says could raise up to $26.9 bln through asset sales

SAO PAULO, Dec 5 (Reuters) - Petroleo Brasileiro SA said on Wednesday that the Brazilian state-controlled oil company could raise $26.9 billion through asset sales and partnerships by 2023 as part of a new strategic business plan calling for further debt reduction.

Petrobras, as the company is known, said in a securities filing that its ratio of net debt to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) should fall to below 1.5 in 2020. (Reporting by Carolina Mandl; Editing by Christian Plumb)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below