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Brazil Postpones Decision On Petrobras’ Refinery Sale

By  |  August 17, 2022

Brazil’s antitrust watchdog CADE on Wednesday postponed its decision on the sale of Petrobras’ Reman refinery to fuel distributor Atem.

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    The delay comes after board member Gustavo Augusto Freitas asked for more time to review the deal. Petrobras sold the refinery, located in the northern state of Amazonas, for $189.5 million to Ream Participacoes SA, a subsidiary of distributor Atem.

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