Petrobras solicits Liquigás bids

Petrobras solicits Liquigás bids

M&A Energy Gas Economy & Policy Debt Brazil

Brazil's Petrobras said it has asked qualified bidders to make binding offers for its liquefied petroleum gas (LPG) subsidiary Liquigás Distribuidora.  The state-owned energy company restarted the Liquigás sale in late March, a year after deal with Ultrapar fell through. It has opened the sale to companies with more than $100m in revenues and financial investors with at least $1bn in assets under management.  Santander is advising Petrobras on the deal. Petrobras aims to earn $26.9bn from asset

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