A Petrobras Board of Directors meeting held last Friday resulted in the approval of $2.1 billion worth in asset sales, including the sale of 100 percent in Innova to Videolar for about $372 million. Petrobras issued a press release Monday outlining the transactions. In addition to the sale of Innova, the company announced the sale of a 35 percent share in oil block BC-10 to Sinochem Group for $1.54 billion, as well as sales of stakes in other oil blocks. The deals remain subject to regulatory approval by Brazil’s competition watchdog CADE. For complete details of each of the four transactions, click the link below.
Full Content: Oil Voice
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI