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Petrobras shareholders approve Liquigas sale for $816 mln

 


SAO PAULO
Petroleumworld.com 02 01 2017

Shareholders in Brazil's state-controlled oil company Petroleo Brasileiro SA approved on Tuesday the sale of Liquigas Distribuidora SA to a unit of Ultrapar Participações SA for 2.57 billion reais ($816 million), according to a securities filing.

Petrobras, as the company is known, said in a separate filing that it may have to close its money-losing Citepe-Suape petrochemical complex if it is unable to sell the operation due to a recent court ruling.

($1 = 3.15 reais)



Reporting by Brad Haynes; Editing by Chris Reese from Reuters

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