Argentine companies have made an offer to purchase some of the assets that Brazil's Petrobras SA has put up for sale in Argentina as part of its divestment strategy abroad, the oil company's president, Maria das Gracas Foster, said on Tuesday."We have a proposal on the table," Foster told a Senate economic affairs hearing.However, she said Petrobras has not made a decision and is in no hurry to decide.Argentine media reported on Tuesday that Petrobras has agreed to sell 51 percent of the assets of subsidiary Petrobras Argentina SA to Argentina-based Oil Combustibles. La Nacion, Clarin and El Cronista newspapers cited unnamed sources.
Petrobras Argentina SA, (formerly Petrobras Energia SA), is an Argentina-based integrated company primarily engaged in the energy sector. Shares of PZE fell by 0.22% or $-0.01/share to $4.55. In the past year, the shares have traded as low as $3.40 and as high as $6.00. On average, 107926 shares of PZE exchange hands on a given day and today's volume is recorded at 156660.
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