Itaúsa team wins bidding for Liquigás

Itaúsa team wins bidding for Liquigás

M&A Energy Gas Brazil

A group led by Itaúsa has won the bidding for Liquigás Distribuidora, offering to buy the liquefied petroleum gas (LPG) company from Petrobras for BRL3.7 billion ($906 million). The São Paulo-based holding company partnered with the local LPG companies Copagaz and Nacional Gás to present the offer. Itaúsa will own 49% of Liquigás through its stake in Copagaz, the company said in a securities filing. The acquisition requires approval from the antitrust agency CADE and will have no effect on Itaús

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