Raízen agrees to sell entire Logum stake to Petrobras for about R$ 310 million
PBR•Raízen and subsidiary Raízen Energia agreed to sell their entire direct and indirect stake in Logum to Petrobras for about R$ 310 million, subject to customary adjustments and conditions including regulatory approvals.
1. Sale terms
Petrobras will pay R$ 150 million at closing, followed by installments of R$ 80 million 12 and 24 months later. Logum operates a network of pipelines and terminals for transporting biofuels. Raízen said the sale supports its strategy of optimizing its asset portfolio and simplifying operations.
