Petrobras agrees sale of Liquigas to Copagaz, Nacional Gás Butano
Brazil’s state-owned Petrobras has entered into an agreement with Copagaz and Nacional Gás Butano for the sale of its LPG unit, Liquigas, for a total consideration of BRL3.7 billion (US$882.38 million).
Liquigás is responsible for the bottling, distribution, and packaging of liquefied petroleum gas (LPG) in Brazil. The company has been a market leader in the LPG market that has 23 operating centers, 19 warehouses, a storage and cargo base by road, and a network of approximately 4,800 authorized resellers.
The deal is subject to CADE approval.
Country updates
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November 19, 2019
Canadian Solar wins 190.5 MWp Brazilian solar PV projects
Canadian Solar has been awarded two solar photovoltaic projects totaling 190.5 MWp in the 7th Brazilian Federal Auction held in October 2019. The Brazilian government allocated a total of 2,979 M...
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November 12, 2019
Total Eren to develop a 67.3 MW wind project in Areia Branca
Total Eren SA is planning to develop a BRL350 million (US$84 million) worth of investment in Brazil. The 67.3 MW wind park is to be located in Areia Branca, in Brazil's Rio Grande do Norte state. It...
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October 29, 2019
Brazil approves sale of 81.5% stakes in Cosan Biomassa
Brazil’s antitrust agency CADE (Administrative Council for Economic Defense) has approved the bid of Royal Dutch Shell Plc to acquire the 81.5% stake in Cosan Biomassa from Raizen Ener...
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October 28, 2019
AES Tiete ends deal with Renova for 743 MW Alto Sertao III wind project sale
AES Tiete Energia SA has ended the deal with Renova Energia SA for the sale of the 743 MW Alto Sertao III wind power complex plus a 1.1-GW wind project pipeline. The two companies have fai...
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October 28, 2019
Copel completes construction of 181 MW Cutia wind complex in Brazil
Copel has put into operation the last three generating units of the Cutia Wind Complex, located in the municipalities of São Bento do Norte and Pedra Grande, on the coast of Rio Grande do Norte...
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