Petrobras: Mubadala is interested in refineries

After Petrobras announced a planned divestment process, according to Bloomberg, Mubadala Investment, Raízen and Ultrapar Participações are among the companies that presented non-binding offers to acquire the state-owned refineries.

To end the virtual monopoly of oil refining in Brazil and open one of the the world’s largest fuel markets for the private sector, Petrobras announced the divestment of eight of its 13 refineries and the first phase will be the sale of your plants.

Raízen is also among the companies that have expressed interest in acquiring more than one of the four refineries – Rlam, Rnest, Repar and Refap. Binding offers are expected for March 2020 and the Director Petrobras financial, Andrea Almeida, expects the sales process to be completed in 2021.

The president of the state-owned company, Roberto Castello Branco, also reported that 20 companies interested in the offerings signed a term of confidentiality and that the sale of the eight plants, more pipelines and installations of storage would generate up to $15 billion.

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