July 15, 2019 / 11:13 PM / a month ago

Brazil's Petrobras starts sale process for refining and logistics assets - filing

SAO PAULO, July 15 (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA announced on Monday the start of a sale process for refining and logistics assets, according to a securities filing.

Petrobras, as the company is known, said the nonbinding phase involves refineries Abreu e Lima (Rnest), Landulpho Alves (Rlam), Presidente Getúlio Vargas (Repar) and Alberto Pasqualini (Refap). “Potential buyers qualified for this phase will receive a descriptive memorandum containing more detailed information on the assets,” the company said in the filing. (Reporting by Gabriela Mello; editing by Jonathan Oatis)

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