Mubadala wins bidding for Petrobras refinery

Mubadala wins bidding for Petrobras refinery

Capital Markets Corporate & Sovereign Strategy Equity Debt M&A Project & Infrastructure Finance Brazil Latin America

Brazilian state-owned oil company Petrobras said Monday that the Abu Dhabi-based sovereign wealth fund Mubadala had presented a bid worth $1.65 billion for the Landulpho Alves Refinery (RLAM) and associated logistics assets in Bahia. Petrobras said it also received binding proposals for the Presidente Getúlio Vargas Refinery (REPAR) in Paraná, but "decided to close the process since the conditions of the presented proposals fell short of Petrobras' economic-financial evaluation." The Rio de Jane

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