January 27, 2020
Brazil's state-owned oil company Petrobras said it has asked qualified bidders to submit non-binding offers for the biofuels business BSBios.
Petrobras subsidiary Petrobras Biocombustíveis (PBio) will sell its 50% stake in BSBios, while RP Biocombustíveis, part of the local agro-energy company ECB Group, will sell the other half in the same bidding process, the oil company said in a statement.
Strategic bidders must have at least BRL400 million ($95.6 million) in shareholders equity, while finan
Brazil's state-owned oil company asks qualified bidders to submit non-binding offers for BSBios