Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/petrobras-concludes-sale-of-interest-in-gaspetro.shtmlPetrobras concludes sale of interest in Gaspetro
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).
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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.
