Petrobras starts sale of stake in biofuels business

Petrobras starts sale of stake in biofuels business

M&A Economy & Policy Corporate & Sovereign Strategy Debt Energy Renewable Brazil

Brazil's Petrobras said it has started the sale process of its 50% stake in the biofuels business BSBios Indústria e Comércio de Biodiesel Sul Brasil. The state-owned oil company's biofuels subsidiary, Petrobras Biocombustíveis (PBio), plans to sell its half of BSBios, while its partner in the company, RP Biocombustíveis, also intends to sell its 50% stake, Petrobras said in a statement. RP Bio belongs to the local agro-energy company ECB Group. According to the teaser sent by Petrobras, eligibl

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