CNPC seeks to buy Brazil's Barra for $2 billion
CHINA -- CNPC is in talks to buy Barra Energia Petroleo e Gas for about $2 billion, Bloomberg News reported citing people with knowledge of the matter.
The negotiations are under way and a deal could be reached as soon as this month, the people said in the report.
The oil startup has stakes in two projects in the Santos Basin that holds Brazil's largest oil field. They are a 30% stake in the BS-4 concession and 10% of the BM-S-8 concession.
Dow Jones Newswires