April 13, 2018 / 11:57 AM / 8 months ago

Petrobras receives $117 million in financing to acquire UK goods and services

The logo of Brazil's state-run oil company Petrobras is pictured in the company headquarters in Sao Paulo, Brazil February 20, 2018. REUTERS/Paulo Whitaker/File Photo

(Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has received a financing line of 400 million reais ($117 million) from Credit Agricole Corporate Investment Bank to be used to acquire goods and services from UK suppliers, the company said.

In a statement on Friday, Petrobras, as the company is known, said the financing line expires in 2029 and comes with a guarantee from UK Export Finance, the United Kingdom’s export credit agency.

Reporting by Gram Slattery

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