June 25, 2019 |
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
Brazil's state-owned energy company moves ahead with sale of LPG subsidiary