CADE Authorizes Compass to Compete Again for Petrobras' Gaspetro Acquisition

CADE Authorizes Compass to Compete Again for Petrobras’ Gaspetro Acquisition

Written by Flavia Marinho

Published on 01/01/2021 at 11:04

Be the first to react!

Petrobras Allows Compass to Compete Again for the Purchase of Gaspetro, Following a Statement from the Administrative Council for Economic Defense (Cade)

Petrobras announced in a relevant fact last Wednesday (30/12) that after a statement from the Administrative Council for Economic Defense (Cade), it opted to continue Compass, a company of the Cosan Group, in the process of selling 51% of its subsidiary Gaspetro. Petrobras Ends Partnership with Sete Brasil for Only 7 Euros

Also Read

Petrobras’ subsidiary, Gaspetro, operates in the natural gas distribution market. According to the state-owned company, it received a letter from Cade informing that its continuation in the competition does not constitute a breach of the Term of Commitment to Cease (TCC).

“If the contract for the purchase and sale of shares is signed, the operation will be subject to Cade’s review at the time of the analysis of the Concentration Act regarding possible impacts on competition defense,” the statement to the press released by Petrobras said.

ARTICLE CONTINUES BELOW

Pre-Salt Pipelines Will Be Connected to Baixada Santista by Compass Gás e Energia

Billions in investment in São Paulo through the pre-salt. Company of the Cosan Group, Compass Gás e Energia, will invest with strategic partners, US$ 2 billion (R$ 11.15 billion) in pipelines in the Santos Basin through Rota 4 Participações.

The Rota 4 project is in the licensing phase, and the expectation is that the pipeline will start operating between 2027 and 2028. It will take approximately four years to build the structures.

CADE Authorizes Compass to Compete Again for Petrobras’ Gaspetro Acquisition

Petrobras Allows Compass to Compete Again for the Purchase of Gaspetro, Following a Statement from the Administrative Council for Economic Defense (Cade)

Also Read

Pre-Salt Pipelines Will Be Connected to Baixada Santista by Compass Gás e Energia

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Labubu officially arrives in Brazil in June with prices up to R$ 799.99, attempts to curb the invasion of counterfeits, and turns serrated-tooth dolls into a new craze among collectors.

Luciano Hang, owner of Havan, surprises and announces R$ 100 million to employees with the advance payment of the PPR and 13th salary for more than 23,000 employees during the 40th anniversary of the retailer, which aims to reach 200 megastores in Brazil.

The largest beach in the world is in Brazil and is ‘stealing’ objects: a beach up to 254 km in RS makes rings, keys, and wallets disappear in the sand before reappearing days later in a phenomenon explained by coastal dynamics.

Brazil changes its status and reaches a very high level of human development for the first time, shows IBGE.

A viaduct over 40 years old in a city in Minas Gerais was closed due to the risk of collapse, blocked routes for months, exposed maintenance failures, and now requires a R$ 1.7 million project to prevent a collapse in the urban heart for decades.

CADE Authorizes Compass to Compete Again for Petrobras’ Gaspetro Acquisition

Petrobras Allows Compass to Compete Again for the Purchase of Gaspetro, Following a Statement from the Administrative Council for Economic Defense (Cade)

Also Read

Pre-Salt Pipelines Will Be Connected to Baixada Santista by Compass Gás e Energia

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

While Brazil sits on the pre-salt and still imports diesel, Turkey, which produces almost no oil, crossed half the world to drill 7,500 meters below the sea in Somalia in search of its own fuel.

Why didn’t oil reach $150 even after three months of the Strait of Hormuz being closed?

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

When drilling an artesian well, a farmer wanted water but found oil: ANP confirms that the dark liquid found by a farmer on a site in Ceará is crude oil.

Labubu officially arrives in Brazil in June with prices up to R$ 799.99, attempts to curb the invasion of counterfeits, and turns serrated-tooth dolls into a new craze among collectors.

Luciano Hang, owner of Havan, surprises and announces R$ 100 million to employees with the advance payment of the PPR and 13th salary for more than 23,000 employees during the 40th anniversary of the retailer, which aims to reach 200 megastores in Brazil.

The largest beach in the world is in Brazil and is ‘stealing’ objects: a beach up to 254 km in RS makes rings, keys, and wallets disappear in the sand before reappearing days later in a phenomenon explained by coastal dynamics.

Brazil changes its status and reaches a very high level of human development for the first time, shows IBGE.

A viaduct over 40 years old in a city in Minas Gerais was closed due to the risk of collapse, blocked routes for months, exposed maintenance failures, and now requires a R$ 1.7 million project to prevent a collapse in the urban heart for decades.