Petrobras has canceled the sale of its shares in Petrobras Colombia Combustibles (PECOCO) to align with strategic goals of portfolio diversification and sustainability.
Petrobras, the Brazilian state-controlled oil company, has announced the cancellation of its share sale related to Petrobras Colombia Combustibles (PECOCO), a fuel distribution asset. This decision, communicated in a recent securities filing, aligns with the company’s strategic objectives, emphasizing profitable portfolio diversification and sustainability initiatives.
In summary, Petrobras has opted not to proceed with the sale of its shares in PECOCO, as this decision reflects its commitment to a profitable and sustainable growth strategy.
Original Source: www.tradingview.com
