Mubadala Group Acquires RLAM Refinery From Petrobras for $1.65 Billion in Bahia

Written by Flavia Marinho

Published on 08/02/2021 at 12:34

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In Addition to RLAM in Bahia, Petrobras Received Binding Proposals for the Sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná

Petrobras reported in a relevant fact this morning (02/08) that it concluded the negotiation phase with the Mubadala Group as part of the divestment process of the Landulpho Alves Refinery (RLAM) and its associated logistics assets in Bahia. Looking for a job? Shell is looking for young people aged 20 to 34 living in Rio de Janeiro, with a high school diploma and an entrepreneurial mindset and behavior

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According to Petrobras’ report, Mubadala Capital made the best final offer, valued at US$ 1.65 billion. The signing of the purchase and sale contract is still subject to approval by the competent authorities.

Other Petrobras Divestments Beyond RLAM – Bahia

Petrobras also received binding proposals for the sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná but decided to end the process, as the conditions of the proposals submitted fell short of Petrobras’ economic and financial assessment.

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Thus, the state-owned company will promptly initiate a new competitive process for this refinery.

Competitive processes for the sale of the following are still ongoing, aiming for the signing of purchase and sale contracts:

Alberto Pasqualini Refinery (REFAP), in Rio Grande do Sul
Isaac Sabbá Refinery (REMAN), in Amazonas
Abreu e Lima Refinery (RNEST), in Pernambuco
Gabriel Passos Refinery (REGAP), in Minas Gerais
Lubricants and Derivatives of Oil of the Northeast (LUBNOR), in Ceará
Shale Industrialization Unit (SIX), in Paraná.

Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and informs that subsequent steps will be disclosed to the market.

Mubadala Group Acquires RLAM Refinery From Petrobras for $1.65 Billion in Bahia

In Addition to RLAM in Bahia, Petrobras Received Binding Proposals for the Sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná

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Mubadala Group Acquires RLAM Refinery From Petrobras for $1.65 Billion in Bahia

In Addition to RLAM in Bahia, Petrobras Received Binding Proposals for the Sale of the Presidente Getúlio Vargas Refinery (REPAR) in Paraná

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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