Petrobras Nears a Deal to Regain Control of Key Fertilizer Plants

In a significant development,Petróleo Brasileiro S.A. - Petrobras (PBR) is nearing a deal with Unigel to resume management of two crucial fertilizer plants located in the northeast part of Brazil. These facilities were leased to Unigel in 2019 as part of Petrobras’ divestment strategy.Under the proposed deal, PBR will manage the plants and Unigel will be hired to operate and maintain them for five years.Although Unigel has agreed the deal, the company's management is awaiting a report from the PBR's working ...