Ultra Group Maintains Interest in Petrobras Refineries Despite Adversities

Written by Roberta Souza

Published on 28/02/2021 at 11:12

Refinaria

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According to the CEO of Ultra Group, the negotiations about the refineries so far have had no change with the change in command of Petrobras

According to Frederico Curado, president of Ultra Group, a Brazilian company that operates in the fuel distribution sectors, he stated that they are still in negotiations with Petrobras for the sale of the refineries. With the general in command, there were possibilities of changes in part of the state company’s divestment plan, where the refineries could undergo some kind of alteration that was not foreseen.

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The president of the private conglomerate, Frederico Curado, said that “We have not had any signal from Petrobras in the sense of altering the course of negotiations, which are not simple, but will still take some time (to be concluded).”

“If there is a subsidy like what happened in previous years, like in 2015, we see this as structurally unlikely…in the long term. We have some important regulatory milestones”, said Fernando when questioned about the attractiveness of the refining sector if Petrobras changes its pricing policy.

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Divestments Petrobras and Ultra Group

With the new leadership in command of the state company, analysts said that the sales could undergo some kind of alterations. However, the new CEO of the company has publicly declared that, since the decision on this issue is collegial, he will not see the possibility of fuel prices being altered. However, in addition to shareholders and profits, it is necessary to assess the impact of the company on the entire population.

Ultra Group, a Brazilian company that operates in the fuel distribution sectors, is in negotiations to acquire the Alberto Pasqualini refinery (Refap/RS), and the transaction price may increase from 1.2 billion dollars to 1.4 billion dollars.

Ultra Group Maintains Interest in Petrobras Refineries Despite Adversities

According to the CEO of Ultra Group, the negotiations about the refineries so far have had no change with the change in command of Petrobras

See Also Other News Of The Day:

Divestments Petrobras and Ultra Group

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Ultra Group Maintains Interest in Petrobras Refineries Despite Adversities

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