Petrobras takes orders for Colombian fuel business

Petrobras takes orders for Colombian fuel business

M&A Equity Corporate & Sovereign Strategy Debt Energy Gas Brazil Colombia Andean

Brazilian state-oil company Petrobras has started the non-binding phase for the sale of its fuel distribution business in Colombia and plans to start the binding phase in two weeks.Petrobras Colombia Combustibles, also known as Pecoco, operates 124 service stations in the country, including 42 in and around Bogot√°, together with 14 convenience stores and seven storage units.Petrobras said in a securities filing on Wednesday that qualified bidders have received detailed information about the asse

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