From valorinternational · · 50s
Petrobras Acquires Logum Stake
Petrobras buys 70% stake in Logum for R$620m to boost ethanol logistics.
In brief
Petrobras buys 70% stake in Logum for R$620m to boost ethanol logistics. Petrobras acquires 70% stake in Logum Logística for R$620m to strengthen its ethanol pipeline network and biodiesel operations. Originally reported by valorinternational.
Petrobras Acquires Logum Stake
Petrobras signs deal to buy 70% stake in Logum Logística for R$620 million.
Logum's Pipeline Network
Logum operates a 1,000-kilometer ethanol pipeline network with terminals in Uberaba and Ribeirão Preto.
Petrobras' Ethanol Strategy
Petrobras returns to ethanol sector after divesting PBio in 2024, targeting strategic partnerships.
Transaction Terms
Payment in three installments: R$300m at closing, R$160m after 12 months, R$160m after 24 months.
Shareholder Reactions
Raízen gets R$310m from sale, says it optimizes asset portfolio; Copersucar reaffirms Logum's importance.
Ethanol Market Growth
Ethanol demand rises with flex-fuel vehicles and increased mandatory blend from 27.5% to 32%.
The headline
Petrobras acquires 70% stake in Logum Logística for R$620m to strengthen its ethanol pipeline network and biodiesel operations.
