Petrobras Addressed The Matter This Friday (5) And Stated That The Sale In Uruguay To Mauruguay Was Finalized For 62 Million Dollars
The Brazilian oil company Petrobras released a statement this Friday (5) that it has completed the sale of its stake in Petrobras Uruguay Distribución, which now belongs to Mauruguay. The decision yielded the company around 62 million dollars. With the signing of the contract, Petrobras secured an additional 6.17 million dollars in the account, which was paid in October 2020. The entire operation was carried out and closely monitored by Petrobras Uruguay.
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Petrobras operated in Uruguay in the fuel and lubricant distribution market, with a portfolio of assets that includes 90 service stations, convenience stores, and marine fuel delivery.
In A Statement, The Director Of Institutional Relations And Sustainability At Petrobras, Roberto Ardenghy Reported:
“We Are Focusing Our Resources On Assets And Segments In Which We Have Competitive Advantage, Enhancing Shareholder Value Generation. We Are Concentrating On What We Do Best And What Provides Us The Best Results”
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Uruguay Distribución Has Been Operating Since 1996, Through Petrobras, With Its Main Product Being The Lubricant Lubrax, However, It Was Only In 2006 That It Was Named Petrobras Uruguay Distribuición.
The Fuel And Derivatives Distributor Operates Throughout Brazil, Uruguay, And Other Countries. The Company Controls About 89 Service Stations, In Addition To A Separate Network That Only Handles The Distribution Of Lubricants And Fertilizers. Petrobras Uruguay Distribuición Also Holds A License For The Sale Of Aviation Fuels At Carrasco International Airport And The Marketing Of Fuels And Lubricants At The Port Of Montevideo.

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