Essar makes binding offer to Petrobras for Bahian refinery
Last Tuesday (30), sources told Reuters that the Indian multinational company Essar made a binding offer to Petrobras for the second largest oil refinery in Brazil, Landulpho Alves, known as RLAM, with a capacity of 323,000 barrels per day.
The company, which will compete in the dispute with Abu Dhabi's Mubadala Investment Company fund, has about $28 billion in investments in energy, infrastructure, mining and services assets.
In a recent note to clients, Bradesco BBI analysts valued the RLAM refinery at US$2.5 billion.
