Petrobras shareholders approve Liquigas sale for $816 MM
2/1/2017
SAO PAULO (Reuters) -- Shareholders in Brazil's state-controlled oil company Petroleo Brasileiro SA approved on Tuesday the sale of Liquigas Distribuidora SA to a unit of Ultrapar Participações SA for $816 million, according to a securities filing.
Petrobras, as the company is known, said in a separate filing that it may have to close its money-losing Citepe-Suape petrochemical complex if it is unable to sell the operation due to a recent court ruling.
Reporting by Brad Haynes; Editing by Chris Reese
Sign up to Receive Our Newsletter
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments