DISA Acquires All Assets of Petrobras Uruguay for $61.7 Million

Written by Flavia Marinho

Published on 05/10/2020 at 09:55

Updated on 05/10/2020 at 09:58

A controlada indireta Petrobras Uruguay (Pusai) vendeu sua participação na Petrobras Uruguay Distribuición (Pudsa) por US$ 61,7 milhões

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The Indirect Subsidiary Petrobras Uruguay (Pusai) Sold Its Stake in Petrobras Uruguay Distribuición (Pudsa) for US$ 61.7 Million

Petrobras informed in a relevant fact, on October 2, that it signed a sale agreement for all of its shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (Pusai) in Petrobras Uruguay Distribuición S.A. (PUDSA), with DISA Corporación Petrolífera, in a deal worth US$ 61.70 million. Engevix Comes Out of the “Blacklist” and Wants to Resume Business with Petrobras This Year

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The operation will be settled in two installments, the first of US$ 6.17 million on the last Friday (10/02), the date of signing, and a remaining US$ 55.53 million at the official closing of the transaction, not considering adjustments.

“The closing of the transaction is subject to the fulfillment of precedent conditions, such as approval by the Uruguayan Competition Authority”, says Petrobras in the statement

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About Petrobras Assets in Uruguay

In Uruguay, the state-owned company operates, through PUDSA, in the distribution segment in the country with a network of 90 service stations, 16 convenience stores, a lubricant logistics terminal, in addition to an aviation kerosene plant, being the second largest fuel distributor in Uruguay.

About DISA

According to Petrobras, the Disa Group is the largest independent fuel distribution operator in Spain and manages the fourth largest network of service stations in the country. The company’s portfolio is composed of 100% renewable energy and it recently acquired the business of the company Prio from Portugal, becoming the fourth Portuguese operator.

DISA Acquires All Assets of Petrobras Uruguay for $61.7 Million

The Indirect Subsidiary Petrobras Uruguay (Pusai) Sold Its Stake in Petrobras Uruguay Distribuición (Pudsa) for US$ 61.7 Million

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DISA Acquires All Assets of Petrobras Uruguay for $61.7 Million

The Indirect Subsidiary Petrobras Uruguay (Pusai) Sold Its Stake in Petrobras Uruguay Distribuición (Pudsa) for US$ 61.7 Million

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