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Petrobras Agrees to Stop 100% of the Ethanol Transporter Logum

Summary by EBC

Petrobras signed an agreement to become 100% owner of the company Logum Logística, which acts in the transport, handling and storage of ethanol. The state already owned 30% of the share capital of Logum and closed the terms to pay R$ 620 million for the other 70%, which belong to the companies Raízen Energia (30%), Copersucar (30%) and Unitu Logística (10%). The information was disclosed on Thursday (12), initially through a statement to investo…

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Brazilian Petrobras Agrees to Acquire Company Specialized in Ethanol - Noticias Prensa Latina

Brasilia, Nov 12 (Prensa Latina) The Brazilian company Petrobras agreed to acquire the remaining 70 percent of Logum Logística to reach its total control, released today press reports. The post Brasilísa Petrobras agrees to acquire company specialized in ethanol first appeared on News Prensa Latina.

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