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Review of Petrobras refinery sale faces more scrutiny in Brazil after being declared 'complex'

( March 10, 2022, 21:36 GMT | Official Statement) -- MLex Summary: The review of Ream Participações’ acquisition of energy giant Petrobras' oil refinery Isaac Sabbá Refinery and its related assets has been declared “complex” by Brazil’s competition agency. The Administrative Council for Economic Defense, or CADE, said the deal will require an in-depth analysis because of concerns over the potential foreclosure in markets for distributing gasoline, diesel, and liquefied-petroleum gas.OJ statement and CADE decision follow in Portuguese:...

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