April 1, 2019 |
Brazil's Petrobras has sent teasers to potential buyers of its liquefied petroleum gas (LPG) unit Liquigás, just over a year after an initial deal fell through.
The bidding is open to other LPG companies with more than $100m in revenues in 2018 and financial investors with at least $1bn in assets under management, Petrobras said in the teaser.
Strategic companies that have more than a 10% market share of Brazil's LPG distribution market can only participate as part of a team and cannot acquire
Brazil's state-owned energy company has hired Santander to find a buyer for its LPG distribution unit