Petrobras talks fertilizer sales with Russian Acron

Petrobras talks fertilizer sales with Russian Acron

M&A Brazil

Petrobras is negotiating the sale of its fertilizer units, Araucaria Nitrogenados (ANSA) and Unidade de Fertilizantes Nitrogenados III (UFN-III), with Acron. According to a statement from the Brazilian state-backed energy company, the pair have entered into a 90-day exclusivity period. UFN-II is expected to produce 761,000 t/y of ammonia and urea. Construction was 81% complete in September, LatinFinance reported at the time. Any potential buyer will be charged with completing construction of the

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