Justice suspends sales of Petrobras subsidiaries

An inlimination issued in the Federal Court of Rio de Janeiro, by popular action, suspended the sale process of 100% of Petrobras ' participation in the subsidiaries Araucaria Nitrogenados (Ansa) and in the unit of fertilizer Nitrogenados III (UFN-III).

In a statement, the state government reported that "it will take reasonable measures to promote its interests and its investors." He added highlighting the importance of disinvestments through portfolio management to reduce its level of indebtedness and value generation, in line with its business plan and management 2019-2023 and resilience plan.

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