Petrobras agrees to buy remaining 70% of Logum for R$ 620 million
PBR•Petrobras agreed to buy the remaining 70% of Logum for R$ 620 million, raising its ownership to 100%. The deal is subject to contractual adjustments and conditions including clearance from competition regulator CADE.
1. Deal terms
Petrobras will pay R$ 300 million at closing, followed by R$ 160 million installments at 12 and 24 months. Raízen Energia and Copersucar are each selling 30% stakes, while Uniduto Logística is selling its 10% holding. The acquisition will integrate Logum’s pipeline network into Petrobras’ logistics system and expand its position in Brazil’s ethanol transport market.
