May 27, 2022
Brazil's state-run oil company Petrobras said it agreed to sell a refinery to local asphalt producer Greca Asfaltos for $34 million, according to a securities filing.
Greca paid $3.4 million at signing and will follow up with $9.6 million at closing and $21 million in deferred payments, Petrobras said in the filing on Wednesday.
The Refinaria Lubrificantes e Derivados de Petróleo do Nordeste (Lubnor) is the fourth refinery that Petrobras has agreed to sell as part of an agreement with anti-trust
Brazil's state-run oil company agrees to sell Lubnor to Greca for $34 mln