February 27, 2020 / 9:46 PM / in a month

Brazil's Petrobras starts sale process for stakes in gas unit, oil fields

FILE PHOTO: The facade of the headquarters of Petroleo Brasileiro S.A. (PETROBRAS) is pictured in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio Moraes/File Photo

SAO PAULO (Reuters) - Brazil’s state-controlled oil company Petrobras said on Thursday it has started the sale process for its 51% stake in the gas unit Gaspetro and for its stakes in the Merluza and Lagosta oil fields in Brazil’s Santos basin, according to a securities filing.

Gaspetro is a holding company owning stakes in 19 firms that operate in the Brazilian gas distribution business.

Reporting by Marcelo Teixeira; Editing by Sandra Maler

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