The facade of the headquarters of Petroleo Brasileiro S.A. (PETROBRAS) is pictured in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio Moraes
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SAO PAULO/RIO DE JANEIRO, May 12 (Reuters) – Brazil’s antitrust watchdog CADE has accredited the sale of state-run oil firm Petrobras’ (PETR4.SA) Reman refinery to Atem, two sources acquainted with the matter mentioned on Thursday.
Petroleo Brasileiro SA, as the corporate is formally identified, had introduced in August 2021 a deal to promote the refinery, which is positioned within the northern state of Amazonas, for $189.5 million. learn extra
The sale nonetheless wanted to be accredited by CADE, which final month mentioned the transaction was “complex” and would require additional evaluation. Reman is one of eight refineries the corporate has put up for sale.
Newspaper O Globo had beforehand reported CADE’s inexperienced gentle, saying an official announcement was anticipated later within the day and the deal was accredited by the competitors regulator with no restrictions.
Petrobras didn’t instantly reply to a request for remark.
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Reporting by Rodrigo Viga Gaier in Rio de Janeiro, Gabriel Araujo in Sao Paulo and Carolina Pulice in Mexico City; Editing by Bill Berkrot and Chris Reese
Our Standards: The Thomson Reuters Trust Principles.
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