July 15, 2019 / 11:28 PM / 4 months ago

Brazil's Petrobras starts sale process for refining and logistics assets: filing

FILE PHOTO: Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil May 27, 2019. REUTERS/Sergio Moraes

SAO PAULO (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA announced on Monday the start of a sale process for refining and logistics assets, according to a securities filing.

Petrobras, as the company is known, said the nonbinding phase involves refineries Abreu e Lima (Rnest), Landulpho Alves (Rlam), Presidente Getúlio Vargas (Repar) and Alberto Pasqualini (Refap). “Potential buyers qualified for this phase will receive a descriptive memorandum containing more detailed information on the assets,” the company said in the filing.

Reporting by Gabriela Mello; editing by Jonathan Oatis

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