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Petrobras updates asset sales program

Petrobras updates asset sales program

April 30, 2019 | Mick Bowen
Brazil's state-owned energy company looks to offload eight refineries and a gas station chain in Uruguay

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

Brazil's Petrobras said it has updated its asset sales program, putting eight refineries in Brazil and the PUDSA gas station chain in Uruguay on the block. The state-owned energy company also said it could sell more shares in its service station business BR Distribuidora. Petrobras owns 71% in the company. The eight refineries — Abreu e Lima, Xisto, Landulpho Alves, Gabriel Passos, Getúlio Vargas, Alberto Pasqualini, Isaac Sabbá and Lubnor — have a total capacity of 1.1m barrels per day, Petrobr

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