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Petrobras Completes Sale of Stake in Uruguay to Mauruguay for 62 Million Dollars

Written by Valdemar Medeiros
Published on 07/02/2021 at 11:43
Petrobras - Uruguai - MAuruguay
Distribuidora Petrobras
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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”

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.

Valdemar Medeiros

Graduated in Journalism and Marketing, he is the author of over 20,000 articles that have reached millions of readers in Brazil and abroad. He has written for brands and media outlets such as 99, Natura, O Boticário, CPG – Click Petróleo e Gás, Agência Raccon, among others. A specialist in the Automotive Industry, Technology, Careers (employability and courses), Economy, and other topics. For contact and editorial suggestions: valdemarmedeiros4@gmail.com. We do not accept resumes!

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