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SGB, Ultragaz express 'market foreclosure' concerns in review of planned liquefied petroleum JV

By Paula Mariane ( July 14, 2023, 21:19 GMT | Insight) -- Gas distributors Ultragaz and Supergasbras have expressed concerns to the Brazilian competition authority about potential market foreclosure resulting from a planned joint venture between Oiltanking Logística Brasil, Queiroz Participações and Copa Energia in the liquefied petroleum gas market. In late June, Supergasbras and Ultragaz were temporarily allowed to participate in the deal review.Gas distributors Ultragaz and Supergasbras (SGB) have expressed concerns to the Brazilian competition authority about potential market foreclosure resulting from a planned joint venture between Oiltanking Logística Brasil, Queiroz Participações and Copa Energia in the liquefied petroleum gas (LPG) market....

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