THE WALL STREET JOURNAL: Petrobras Executives Continue In Chile, Mulling Takeover
…considering an asset swap involving Petrobras upstream assets and Shell downstream operations, including service stations in Chile and Argentina and refining in the latter country.
DOW JONES NEWSWIRES
August 26, 2004 10:03 a.m.
SANTIAGO — Executives from Brazilian state energy company Petroleo Brasileiro (PBR) continue in Chile, meeting peers and mulling a possible asset purchase in the Andean country, one of only three South American countries in which it isn’t yet active and whose energy market is a declared target.
“Any commitment undertaken leading to the acquisition of any asset in Chile will be announced to the market and the shareholders at the appropriate time in accordance with the company’s disclosure practices,” the company said in a statement distributed from its Rio de Janeiro headquarters.