#AceFinanceDesk – Brazilian oil company Petróleo Brasileiro SA announced adjustments to a $665 million contract governing the sale of its entire stake in the Baúna oil field to Australia’s Karoon En ergy, according to a securities filing late on Friday

“Under the new terms, Karoon (KAR.AX) is paying an initial $380 million to Petrobras (PETR4.SA), including a $49.9 million downpayment made on July 24 and $150 million to be paid at the closing date of the deal, which depends on certain conditions being met.”

Published: July.25: 2020: https://t.co/fi9SKgO3iD

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