Mergers & Acquisitions Mergers & Acquisitions

Sale of Petrobras subsidiary Liquigas approved with structural remedies by Brazilian competition authority

By Caio Rinaldi
  • 18 Nov 2020 09:26
  • 18 Nov 2020 09:26
The sale of Petrobras’ gas-distributing subsidiary Liquigás to rival distributors Copagaz Distribuidora de Gás, Nacional Gás Butano Distribuidora (NGB), Sociedade Fogás and holding company Itaúsa was unanimously approved by the Brazilian competition authority, conditioned on structural remedies.

In a ruling session of the Tribunal of Administrative Council for Economic Defense, or CADE, Councilor

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