Petrobras to sell its assets in Uruguay

The Brazilian state-run company is the second biggest fuel distributor in Uruguay, and the biggest in liquid fertilizer.

Agência Brasil

Rio de Janeiro – Petrobras of Brazil said today (12) that it has entered the phase of selling its distribution, lubricant and fertilizer interests in Uruguay. It said in a press release that it plans to sell 100% of its stake in subsidiaries Petrobras Uruguay Sociedad Anónima de Inversiones (Pusai) and Petrobras Uruguay Distribuición S.A. (Pudsa).

According to Petrobras, the operation “is in line with its portfolio optimization and streamlining of capital allocation, in a bid to create value for shareholders. This opportunity disclosure is in keeping with the Petrobras Divestments Plan.”

Through Pudsa, Petrobras operates in fuel and lubricant distribution, with a portfolio including 90 service stations, 16 convenience stores, a lubricants logistics terminal, and an aviation fuel plant. Pudsa is the second-biggest fuel distributor in the country.

Petrobras is also Uruguay’s biggest liquid fuel distributor, with two storage logistics terminals. Logistically speaking, it also owns delivery points in the main public seaports in the country. Pictured is Plaza Independencia in Montevideo, Uruguay.

Find out more here.

Translated by Gabriel Pomerancblum

Geraldo Falcão/Agência Petrobras

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