RIO DE JANEIRO, BRAZIL – A bidding group comprising Copagaz, Itaúsa, and Nacional Gás Butano made the best final offer for acquisition of the subsidiary. The sale is part of the state-owned oil giant’s competitive divestment process.
The transaction is still to be submitted for approval by Petrobras’ internal bodies and the ensuing stages of the project will be disclosed to the market in due course.
According to a note from the state-owned company, “the operation is aligned with the optimization of the portfolio and the improvement of the company’s capital investment, aimed at creating value for our shareholders”.
Operations
Liquigás operates in the market as a distributor of liquefied petroleum gas (LPG).
In addition to gas for domestic use, the company supplies products and services to various industrial sectors, trade, and agriculture, livestock, aviaries, condominiums, hotels, among others.
Source: Agência Brasil