Petrobras agrees to buy remaining 70% of Logum for R$ 620 million
Bitget2026/11/12 11:05- Petrobras agreed to buy the remaining 70% of Logum for R$ 620 million, increasing its ownership to 100%.
- Raízen Energia and Copersucar are each selling 30% stakes; Uniduto Logística is selling its 10% holding.
- Payment comprises R$ 300 million at closing, followed by R$ 160 million installments at 12 and 24 months.
- The price is subject to contractual adjustments; closing depends on conditions including clearance from competition regulator CADE.
- The acquisition will integrate Logum's pipeline network into the buyer's logistics system, expanding its position in Brazil's ethanol transport market.
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