Petrobras to acquire majority stake in Logum Logística for about R$620 million
+1 new source since this summary was written
Petrobras announced that it will purchase the remaining 70 % of Logum Logística, the operator of Brazil's ethanol pipelines, for roughly R$620 million (about US$111 million). The transaction will be funded in three installments: R$300 million at signing, followed by two payments of R$160 million each after one and two years. The sellers are Raízen (30 %), Copersucar (30 %) and Uniduto Logística (10 %). The deal still requires clearance from Brazil's antitrust authority, Cade.
Why it matters
The acquisition gives Petrobras control over a key ethanol transport network, which could enhance its biofuel logistics and market position, but the price impact on its ADRs will be modest until regulatory approval is obtained. The pending Cade decision introduces uncertainty that may affect the timing of the first payment and the overall strategic benefit.
Key facts
- 1Petrobras will buy a 70 % interest in Logum Logística for a total consideration of R$620 million, equivalent to about US$111 million. riotimesonline.com
- 2The purchase price will be paid in three tranches: R$300 million at closing, R$160 million after 12 months and R$160 million after 24 months. riotimesonline.com
- 3The sellers are Raízen (30 % stake), Copersucar (30 % stake) and Uniduto Logística (10 % stake). riotimesonline.com
- 4Petrobras already holds the remaining 30 % of Logum Logística prior to the transaction. riotimesonline.com
- 5The deal is subject to approval by Brazil's antitrust regulator, Cade. riotimesonline.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.