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Terminal News

Petrobras completes sales of Paraguay operations

Petrobras completes sales of Paraguay operations
Petrobras has completed the sale of its entire equity interest in Petrobras Paraguay Distribución, Petrobras Paraguay Operaciones y Logística and Petrobras Paraguay Gas SRL to the Copetrol Group.

The companies sold operate in Paraguay in the distribution and sale of fuels, LPG, lubricants and other special products through a network of 201 service stations, as well as a proprietary storage terminal and operations at three airports.

The transaction was concluded with the payment of $331.5 million by Paraguay Energy to PIB, after fulfilling all precedent conditions, in addition to $49.3 million which had already been paid upon signing of the agreement, resulting in a cash inflow of $380.8 million.



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