Petrobras deals refinery to asphalt company

Petrobras deals refinery to asphalt company

M&A Energy Oil Gas Brazil

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

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