SAO PAULO (Reuters) - Commodities trader Glencore PLC (GLEN.L) is in talks to acquire Brazilian fuel distribution company Alesat Combustíveis SA, Brazilian newspaper Valor Economico said on Thursday.
Last year, Brazil’s watchdog Cade rejected the takeover of Alesat by a unit of Ultrapar Participações SA.
Since then, Vitol SA VITOLV.UL, the world’s biggest oil trader, and France’s Total (TOTF.PA) engaged in talks to acquire Alesat.
Glencore declined to comment on the matter. Alesat did not immediately respond to a request for comment.
Reporting by Carolina Mandl