Petrobras to submit detailed data in OceanPact–CBO merger review in Brazil
( May 5, 2026, 20:40 GMT | Official Statement) -- MLex Summary: Brazil’s competition authority has given Petrobras 15 days to submit detailed data and technical information backing its request to intervene as a third party in the review of OceanPact Serviços Marítimos’ acquisition of CBO Holding, according to a technical note issued on May 5. Third parties can appeal decisions to the authority's Tribunal. The Superintendence found Petrobras’ request timely and legitimate but said the oil company must better substantiate its competitive concerns about the offshore maritime support services market, including evidence related to vessel availability, tender processes and regulatory constraints affecting competition. Failure to provide the requested documentation within the deadline could lead to the denial of Petrobras’ third‑party status in the case.See report attached....
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