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Brazil's Petrobras says could raise up to $26.9 bln through asset sales

SAO PAULO, Dec 5 (Reuters) - Petroleo Brasileiro SA said on Wednesday that the Brazilian state-controlled oil company could raise $26.9 billion through asset sales and partnerships by 2023 as part of a new strategic business plan calling for further debt reduction.

Petrobras, as the company is known, said in a securities filing that its ratio of net debt to adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) should fall to below 1.5 in 2020. (Reporting by Carolina Mandl; Editing by Christian Plumb)