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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

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Brazil’s Petrobras closed two asset sales for the total sum of US$587 million. Petrobras subsidiary Petrobras Biocombustível (PBio) sold to Tereos Participations—a company in the French Tereos group—its entire stake in Guarani, representing 45.97% of the company’s equity capital, for US$202 million.