June 28, 2018 / 3:07 PM / 5 months ago

Glencore in talks to acquire Brazilian fuel distributor Alesat - report

SAO PAULO, June 28 (Reuters) - Commodities trader Glencore PLC 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, the world’s biggest oil trader, and France’s Total 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)

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