Roberto Castello Branco diz que Petrobras espera retomar processo de redução do endividamento em 2021

Roberto Castello Branco Says Petrobras Expects to Resume Debt Reduction Process in 2021

Written by Roberta Souza Published on 26/05/2020 at 21:11

Petrobras

According to the President of Petrobras, the Environment Is One of Uncertainty, but He Expects the Company to Resume the Deleveraging Process Next Year

Roberto Castello Branco, President of Petrobras, said he expects the company’s deleveraging to be resumed starting next year. Roberto stated that the environment is one of uncertainty, but he hopes that the accomplishment will materialize.

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“I hope so [the company resumes the deleveraging process in 2021], but the environment is one of uncertainty,” he stated when questioned about the matter during an online event hosted by Genial Investimentos.

According to Valor, in light of the shock in oil prices, the company revised its deleveraging target for 2020. The company abandoned its goal of reaching a net debt/Ebitda ratio of 1.5 times by the end of this year and set a target to end 2020 with a gross debt of US$ 87 billion, the same level as in 2019.

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Roberto Castello Branco Says Petrobras Expects to Resume Debt Reduction Process in 2021

According to the President of Petrobras, the Environment Is One of Uncertainty, but He Expects the Company to Resume the Deleveraging Process Next Year

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Roberto Castello Branco Says Petrobras Expects to Resume Debt Reduction Process in 2021

According to the President of Petrobras, the Environment Is One of Uncertainty, but He Expects the Company to Resume the Deleveraging Process Next Year

See Other News:

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South Korea Tows 18 Concrete Blocks Weighing Up to 48,000 Tons Over 36 km to Construct a 3.2 km Underwater Tunnel Between Busan and Geoje, Installed Nearly 50 Meters Deep

Indian Teens Win National Geographic Award at Google Science Fair for Using Common Sour Fruit to Naturally Coagulate Rubber in 6 Hours, Reducing Production Time by 10 Hours

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