Part of the strategy to divest non-integrated downstream assets in Latin America
Repsol sells its Brazilian LPG business for 20 million euros
Press Release
20/10/2011 00:00
- Repsol has sold its LPG business Repsol Gas Brasil to the company Ultragaz, market leader in LPG in Brazil and a subsidiary of the Ultrapar group.
- The operation will result in an estimated net capital gain of 10 million euros for Repsol.
- The company will focus all its investment efforts in the country on the exploration and production activities of Repsol Sinopec Brasil.
20 October 2011 - 00:00 CEST | PDF | 255.96 KB