Petrobras Buys 30% of Refinery

Petrobras Buys 30% of Refinery

Brazil M&A

Brazilian oil champion Petrobras says it is acquiring Repsol's 30% stake in refinery Refinaria Alberto Pasqualini (Refap) for $850m, lifting its stake to 100%. Out of the total amount, $500m corresponds to the assumption of debt, Repsol says. A Sao P

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