Petrobras põe a venda fatia de 34% na Companhia Mega da Argentina

Petrobras Sells 34% Stake in Argentina’s Mega Company

Written by Paulo Nogueira

Published on 06/05/2019 at 16:28

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Petrobras Holds 34% Stake in Mega Company of Argentina, in Business Also Involving Repsol YPF and Dow Chemical as Partners.

Petrobras has initiated the stage of disclosing the opportunity regarding the full sale of its 34% stake in Compañia MEGA, through its wholly-owned subsidiary Petrobras International Braspetro. The other partners are Repsol YPF, with 38%, and Dow Chemical, with 28%. The teaser initiation was announced by the oil company this Monday, May 6.

MEGA is an Argentine company that processes natural gas and fractionates its liquids (ethane, propane, butane, and natural gasoline).

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Petrobras Also Released Teaser for Sale of Liquigás Last Month

Petrobras released in April the teaser with details for the sale of Liquigás Distribuidora, including “broad eligibility criteria” for the selection of potential participants and a deadline for expressing interest that ended on April 19, according to a market announcement.

The oil company had already stated that it would make adjustments to the teaser and extend the deadline for interested parties.

“The adjustments made aim to increase the competitiveness of the process, facilitating the participation of investors from other sectors, and mitigating competitive risks and market concentration.”

The study, which projects to limit the state-owned company’s participation to 50% of gas sales in the Country, suggests the sale of pipelines, assignment of supply contracts to private companies, and the creation of a free gas consumer.

Petrobras Sells 34% Stake in Argentina’s Mega Company

Petrobras Holds 34% Stake in Mega Company of Argentina, in Business Also Involving Repsol YPF and Dow Chemical as Partners.

Petrobras Also Released Teaser for Sale of Liquigás Last Month

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Petrobras Sells 34% Stake in Argentina’s Mega Company

Petrobras Holds 34% Stake in Mega Company of Argentina, in Business Also Involving Repsol YPF and Dow Chemical as Partners.

Petrobras Also Released Teaser for Sale of Liquigás Last Month

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The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

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