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Group acquires Isaac Sabbá Refinery and enters into oil and gas exploration in the Amazon Basin, including construction of pipelines and water terminal.
Atem Participações, the group that acquired the Isaac Sabbá Refinery (Reman) from Petrobras in Manaus (AM), expanded its horizons to the oil and gas exploration and production sector this Wednesday (13/12), by acquire its first exploratory blocks, with an emphasis on Amazon Basin.
The Atem group, as operator, secured four blocks in the SAM-O sector. These areas represented an investment of R$7,8 million in signing bonuses.
Atem Participações also entered as a minority partner in Eneva (80%) to acquire the Japiim marginal accumulation area, also in the Amazon Basin, for R$165 thousand.
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Atem: Expansion of the verticalization strategy
This was another significant step for Atem in its business verticalization strategy, highlighting its entry into first exploratory blocks da Amazon Basin. The company, known for traditionally operating in the distribution market of fuels, expanded its operations to the refining sector, with the acquisition of the Isaac Sabbá Refinery (Reman) for US$ 189,5 million.
The Atem group, which now includes Eneva and the Isaac Sabbá Refinery (Reman), has been facing challenges during the acquisition analysis process by the antitrust body. Cade approved the transaction, however, with restrictions that aim to protect free competition and market plurality.
Furthermore, Atem Participações, as operator in the fuel sector, it pursued a verticalization strategy that highlights significant marginal accumulation in the Amazon Basin, which reinforces its position in the market.
The company will be subject to structural and behavioral remedies, which include issues relating to pipeline construction, water terminal and independent logistics operator. These measures aim to ensure fair competition and equal market access for all involved.
Atem: Exploration in the Amazon Basin and Business Verticalization
With its consolidation in the Amazon Basin, Atem solidifies its presence as a refining and distribution company, operating strategically throughout the national territory. The acquisition of Reman appears as an important milestone in this expansion trajectory.
Atem, in its commitment to free competition and market plurality, demonstrates its ability to face regulatory challenges, marking its role as a consolidator in the fuel distribution market. The refining company is prepared to implement structural and behavioral remedies, ensuring fair competition and the preservation of the competitive market.
Atem Participações: Expansion and Verticalization Strategy
Atem Participações reinforces its position in the fuel distribution market, expanding its operations to the refining sector. The acquisition of Reman for US$189,5 million highlights the company's verticalization strategy, which now also operates as a refiner.
Atem is committed to meeting the conditions established by Cade, including the implementation of structural and behavioral remedies. Such measures aim to ensure the maintenance of a transparent and competitive distribution market, promoting equal access for all involved. The company demonstrates that it is prepared to implement these conditions, showing itself to be resilient and adaptable to market demands.
Source: EPBR
