Petrobras starts binding phase for Colombian fuel business

Petrobras starts binding phase for Colombian fuel business

Debt M&A Brazil Colombia Latin America Energy

Brazilian state-oil company Petrobras on Friday started the binding phase for the sale of its fuel distribution business in Colombia. Petrobras is selling 100% of shares held by Petrobras International Braspetro and other subsidiaries in Petrobras Colombia Combustibles, or Pecoco, according to a securities filing. Pecoco operates 124 service stations in Colombia, including 42 in and around the capital city of Bogot√°, together with 14 convenience stores and seven storage units. Prospective bidder

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