Vale may acquire 25% stake in Petrobras' oil and gas blocks
Symbols:
CVROY
Do you know when to trade CVROY ?
Jun 30, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
CVROY | Quote | Chart | News | PowerRating -- According to Reuters, Vale S.A. (formerly Companhia Vale do Rio Doce) may acquire a 25% stake in exploration rights for oil and gas blocks off Brazil's coast from Petroleo Brasileiro S.A.
CVROY | Quote | Chart | News | PowerRating -- According to Reuters, Vale S.A. (formerly Companhia Vale do Rio Doce) may acquire a 25% stake in exploration rights for oil and gas blocks off Brazil's coast from Petroleo Brasileiro S.A.
Vale is a metal mining company, while Petrobras is an integrated energy holding company. Both the companies are based in Brazil.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Rumour: 2009-06-25
Deal Participants
Target (Company) Petroleo Brasileiro S.A. - Oil and Gas Blocks - Brazil
Acquirer (Company) Vale S.A. (formerly Companhia Vale do Rio Doce)
Vendor (Company) Petroleo Brasileiro S.A.
% Acquisition 25%
For full details on (CVROY) CVROY. (CVROY) has Short Term PowerRatings at TradingMarkets. Details on (CVROY) Short Term PowerRatings is available at This Link.
Related News
- INDONESIA INCO'S PROFIT DOWN ON NICKEL PRICE FALL, LOWER SALES - 02/11/10
- Companhia Vale do Rio Doce (ADR) (VALE) Corporate Event Announcement Notice - 02/08/10
- Bunge to sell assets of fertilizer mining business to Vale - 01/20/10
- Companhia Vale do Rio Doce (ADR) (VALE) Corporate Event Announcement Notice - 01/19/10
- Vale acquires 37.4% stake in Tecnored Desenvolvimento Tecnologico - 12/11/09
- More News >>
UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday March 25 04:30 PM
Thursday March 25 12:30 PM
Wednesday March 24 01:00 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.
