August 31, 2021 |
Brazilian fuel distribution company Vibra, formerly known as BR Distribuidora, has formed a joint venture with local sugar and ethanol producer Copersucar and set up a real estate fund with investment firm Prisma Capital to manage its property portfolio, according to securities filings.
The venture with Copersucar will be an ethanol trading company called Empresa Comercializadora de Etanol (ECE) and supply Vibra's filling stations across the country. Vibra will own 49.99% of ECE, while Copersuc
Brazilian fuel distribution company also sets up a real estate fund with local investment firm Prisma