Petrobras to Sell Liquigas Distribuidora S.A.

Source: www.gulfoilandgas.com 6/15/2016, Location: South America

Petrobras has initiated a competitive process for the sale of Liquigas Distribuidora S.A., a wholly-owned, closely-held subsidiary which operates in the bottling, distribution and sale of liquefied petroleum gas (LPG).

Liquigas is present in almost all Brazilian states, with 23 operative centers, 19 deposits, 1 storage and rail base, and a network of around 4,800 authorized resellers, with a market share of 23%.

To date, there has been no agreement confirming conclusion of the transaction and no resolutions on the matter by Petrobras’ Executive Board or Board of Directors.

Any facts regarding this matter deemed to be material will be promptly disclosed to the market.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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