Portuguese 
English 
Spanish 
3 min of reading 
Announced In 2021, Sale Of Petrobras’ Participation In Deten Will Be Concluded With The Million Payment To Cepsa, As Soon As The Agreement Is Closed
On Wednesday, April 27, the Petrobras board of directors authorized the transfer of its entire stake in Deten Química, which represents 27.88% of the company, to Cepsa.
Petrobras’ stake in Deten Química, a company located in the industrial hub of Camaçari, which had been announced since last year, will be sold to Cepsa for a price of R$ 585 million, to be settled upon the closure of the transaction. The sale conducted by Petrobras will include a 5% deposit of the price – equivalent to R$ 29.25 million – to be deducted from the total as soon as there is the payment.
According to the virtual news outlet Broadcast, Petrobras – which conducted business with TotalEnergies – announced that the negotiation with Cepsa regarding the percentage in Deten Química is subject to the fulfillment of pre-established conditions, such as the approval from the Administrative Council for Economic Defense (Cade).
-
Mercado Livre has just started selling medications with delivery in up to three hours to your door, and this move could completely change the way Brazilians buy medicines on a daily basis.
-
In Dubai, rising tensions from the war in the Middle East are causing super-rich individuals to leave the Gulf and direct their fortunes to a new financial refuge in Asia.
-
Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.
-
“No one will make us change the Pix,” says Lula after the US report.
As disclosed by Petrobras, the value of the transaction for the stake in Deten Química does not take into account adjustments that may be made until the deal is finalized. The state-owned company, which is negotiating with Cepsa, states: “This operation is aligned with the optimization of the portfolio and the improvement of the company’s capital allocation, aiming to generate value for its shareholders”.
Do You Know Deten Química? Check Below For A Bit About The Company
According to Deten’s own website, located in the Industrial Hub of Camaçari, it started its production of LAB (Linear Alkylbenzene) in 1981, bringing Brazil into the era of biodegradable detergents. Since then, it has been responsible for supplying approximately 95% of Brazil’s detergent industry consumption. Its annual production capacity is 220,000 tons of LAB, along with 80,000 tons of LAS – Linear Alkylbenzene Sulfonic Acid, and it has already started expansion projects to 260,000 tons per year and 120,000 tons per year, respectively. In addition, Petrobras’ partner company produces 10,000 tons of ALP – Heavy Alkylate. Deten is a company whose capital is controlled by Cepsa Química, with a 72% stake, as of now.
Learn More About Cepsa Química
Cepsa is a global integrated energy company that operates across the entire oil, chemicals, and gas value chain. With over 90 years of experience, Cepsa is a leader in Spain, where it was founded in 1929, and has expanded its operations to five continents.
Petrobras Receives Payment Of R$ 4.7 Billion From TotalEnergies For The Company’s Participation In The Atapu Field In Oil Production Focused On The Pre-Salt
On Tuesday, (April 26), the Brazilian state-owned company, Petrobras, announced the receipt of a compensation payment from TotalEnergies amounting to R$ 4.7 billion. This is due to the company’s participation in oil production through the pre-salt in the Atapu field, one of the most important for the company currently for raw material exploration in the national territory. The Brazilian state-owned company Petrobras announced this week that it received a compensation payment of R$ 4.7 billion (US$ 940.24 million) from TotalEnergies EP Brasil Ltda for the Atapu oil field, which focuses on pre-salt exploration, one of the company’s and the global oil sector’s largest bets for the expansion of the sector in the coming years in Brazil and throughout the world’s production chain. For more information, click here to read this other article from CPG in full.
Seja o primeiro a reagir!