Mon, Aug. 10, 11:44 AM
- Petrobras (PBR +4.4%) shares are off to a strong start on speculation the company has attracted a suitor for its Liquigás gas asset.
- Reuters says the CEO of Ultrapar Participações (UGP +2.8%), which owns the largest natural gas distribution company in Brazil, told local newspaper O Estado de S. Paulo that his company is interested in acquiring the asset.
- The CEO says the company also is interested in some assets controlled by BR Distribuidora, a fuel distribution firm that PBR plans to list on the local exchange within months.
Ultrapar Participacoes SA through its subsidiaries is engaged in distribution of LPG & fuel & related businesses, production & marketing of chemicals, & storage services for liquid bulk. It also trades pharmaceutical, hygiene, beauty & skincare products.
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