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Brazil: Petrobras signs deal with CADE for sale of refining assets

By  |  June 12, 2019

Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it has signed a deal with local antitrust regulator CADE regarding the proposed sale of some of its refining installations.

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    According to a securities filing, the company said the agreement will allow for increased competition in Brazil’s refining sector, by attracting new players to the business.

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    Petrobras, as the oil firm is known, will sell eight refineries in seven different Brazilian states.

    Full Content: Reuters

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