Petrobras concludes sale of interest in Gaspetro (Scandinavian Oil-Gas Magazine)

Petrobras concludes sale of interest in Gaspetro

Published Dec 29, 2015

Petrobras has concluded the sale of a 49% interest in Petrobras Gás S.A. (Gaspetro) to Mitsui Gás e Energia do Brasil Ltda (Mitsui-Gás).

Gaspetro is a holding company that consolidates Petrobras’ interests in the state natural gas distributors.

The transaction was concluded through the payment of R$1.93 billion by Mitsui-Gás, following compliance with all the conditions precedent envisaged in the Share Purchase Agreement entered into on October 23, 2015, including the definitive approval, without reservations, by CADE, Brazil’s antitrust authority.

Tags: Petrobras

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