News
09 August 2019

Galp Bioenergy to take Petrobras' 50% in biofuel JV

Region:
Americas

Brazilian Galp Bioenergy BV is acquiring the shares it does not already own in Belem Bioenergia Brasil (BBB), the vegetable oil and biofuel business of state-run oil and gas giant Petrobras.The transaction is valued at  BRL24.7 million ($6.3 million) for 50% of BBB's capital...

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