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wn.com - 19 days ago

Petrobras signs contract for sale of Liquigás

Petrobras signs contract for sale of Liquigás - Rio de Janeiro, November 19, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the press release of November 7, 2019, reports that it has signed today with Copagaz and Nacional Gás Butano a contract for sale of all its stake in Liquigás Distribuidora S.A. The sale price is R$ 3.7 billion, to be adjusted according to contract rules and paid upon transaction closing. As part of the transaction structuring, a minority and material equity investment will be made by Itaúsa in Copagaz. The transaction closing is subject to compliance with precedent conditions, including approval by the Administrative Council for Economic Defense (CADE)....


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