Public Joint Stock Company Acron cancelled the acquisition of Nitrogen Fertilizer Unit III (UFN-III) from Petróleo Brasileiro S.A. - Petrobras.
Public Joint Stock Company Acron (MISX:AKRN) cancelled the acquisition of Nitrogen Fertilizer Unit III (UFN-III) from Petróleo Brasileiro S.A. - Petrobras (BOVESPA:PETR4) on April 28, 2022. The business plan proposed by the potential purchaser, in replacement of the original project, made certain governmental approvals unsuccessful which were required to the continuation of the transaction.