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Petrobras, Brazil's state-run oil company, will pay US$137 million for control of the Usina Termeletrica Termo Ceara power plant from MPX, a Brazilian holding company.


PETROBRAS, Brazil's state-run oil company, will pay US$137 million for control of the Usina Termeletrica Termo Ceara power plant from MPX MPX - Multiplexor Channel , a Brazilian holding company. The sale concludes legal disputes surrounding sur·round  
tr.v. sur·round·ed, sur·round·ing, sur·rounds
1. To extend on all sides of simultaneously; encircle.

2. To enclose or confine on all sides so as to bar escape or outside communication.

n.
 the transaction.
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Title Annotation:Petroleo Brasileiro S.A.
Comment:Petrobras, Brazil's state-run oil company, will pay US$137 million for control of the Usina Termeletrica Termo Ceara power plant from MPX, a Brazilian holding company.(Petroleo Brasileiro S.A.)
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:3BRAZ
Date:Jul 1, 2005
Words:34
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