Brazil's antitrust watchdog CADE has approved the sale of state-run oil company Petrobras' Reman refinery to Atem, two sources familiar with the matter said on Thursday.
The facade of the headquarters of Petroleo Brasileiro S.A. is pictured in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio MoraesSAO PAULO/RIO DE JANEIRO, May 12 - Brazil's antitrust watchdog CADE has approved the sale of state-run oil company Petrobras'Petroleo Brasileiro SA, as the company is formally known, had announced in August 2021 a deal to sell the refinery, which is located in the northern state of Amazonas, for $189.5 million.
Newspaper O Globo had previously reported CADE's green light, saying an official announcement was expected later in the day and the deal was approved by the competition regulator with no restrictions.Register now for FREE unlimited access to Reuters.