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Petrobras refinery sale unconditionally cleared in Brazil

( May 13, 2022, 15:40 GMT | Official Statement) -- MLex Summary: Ream Participações’ acquisition of energy giant Petrobras' oil refinery Isaac Sabbá Refinery and its related assets has been unconditionally approved by the Brazilian competition authority, according to a statement. The deal is part of a settlement agreement between Petrobras and the Administrative Council for Economic Defense, or CADE, under which the oil giant agreed to divest its oil refineries to increase competition.CADE press release follows in Portuguese:...

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