October 6, 2020
Brazil's state-owned oil company Petrobras said Friday that it agreed to sell Petrobras Uruguay Distribuición, or PUDSA, its service station business in Uruguay, to Spain's DISA for $61.7 million.
DISA paid $6.17 million at signing and plans to pay another $55.5 million at closing, subject to approval from Uruguay's anti-trust agency, Petrobras said in a statement.
Petrobras hired Itaú BBA to advise on the sale of its stake in PUDSA in November last year.
PUDSA is the second largest fuel distrib
Brazil's state-owned oil company agrees to sell PUDSA to Spanish fuel distribution company DISA for $62 mln