Petrobras Buys Logum Ethanol Pipeline Firm

Globo

Lean Right

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Ownership

Leo Pinheiro/Valor Petrobras today signed an agreement to purchase 70% of Logum Logística for R$ 620 million. The state already owns 30% of the biodiesel transport company and will buy the 30% shares owned by Raízen, which will receive R$ 310 million in the operation, Copersucar (30%) and Unito Logística (10%), informed the companies. The payment will be made in three installments, subject to contract price adjustments, being R$ 300 million in t…

elperiodicodelaenergia.com

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Ownership

The Brazilian state oil company Petrobras has reached an agreement to take 70% of the social capital that it still does not control in Logum Logística for a price of 620 million reais (99.8 million euros). The payment will be made in three tranches: 300 million reais (48.3 million euros) at the close of the operation, 160 million reais (25.8 million euros) will be paid twelve months later and another 160 million reais will be disbursed two years…

SpaceMoney

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Ownership

Petrobras takes 100% of Logum for R$ 620 million; Rooten sells stake for about R$ 310 million, with Cade's endorsement pending.

moneytimes.com.br

Factuality

Ownership

Petrobras (PETR4) informed on Thursday (12) that it signed an agreement to acquire the remaining 70% of Logum Logística S.A., an operation that will make the state own 100% of the company's share capital after the conclusion of the transaction. Currently, the state already owns 30% of Logum. The other 70% are in the hands of Root Energy [...]