Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Petrobras has decided to retain its subsidiary Petrobras Biocombustível (PBio), ending its divestment plan, as part of its strategy to focus on low-carbon businesses. The company is exploring partnerships to enhance PBio’s operations and capitalize on potential synergies within its assets. PBio, established in 2008, operates two biodiesel plants and is involved in the biofuels and sulphur trade.
For further insights into PBR stock, check out TipRanks’ Stock Analysis page.