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Petrobras Inks Financing with China Development Bank

Posted by April 1, 2015

Brazil's state-run oil company Petrobras signed a $3.5 billion financing deal with China Development Bank as part of a cooperation agreement covering 2015 and 2016, according to a securities filing on Wednesday.

Ivan Monteiro, chief financial officer of the company known as Petroleo Brasileiro SA, signed the accord on a visit to China and confirmed their intention to cooperate in the future, Petrobras said in the filing.


Reporting by Roberto Samora

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