28 de agosto de 2017 / 21:35 / en un mes

Brazil antitrust body recommends rejection of Petrobras gas unit sale

SAO PAULO, Aug 28 (Reuters) - A body of Brazil’s antitrust watchdog Cade recommended on Monday the rejection of the acquisition of a liquefied petroleum gas distribution unit owned by state-controlled oil company Petroleo Brasileiro SA by Ultragaz Participações Ltda.

The watchdog division said in a statement the sale of Liquigas Distribuidora SA should be rejected by Cade´s board because the new player could have excessive regional market power, that would be difficult to solve through divestitures. (Reporting by Tatiana Bautzer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below