Corporaci\u00f3n Paraguaya Distribuidora de Derivados de Petr\u00f3leo S.A. (Copetrol) -through a subsidiary of the Copetrol group-, and Petr\u00f3leo Brasileiro S.A. -through its subsidiary Petrobras International Braspetro BV (Petrobras)-, signed on June 27, 2018 a contract for the transfer of Petrobras' stake in the companies called Petrobras Paraguay, which operate the fuel, lubricants and LPG distribution business in Paraguay, in a transaction estimated at USD 383,000,000 that, due to its value and importance, constitutes a true milestone in business at the local level.<\/p>\n\n\n\n
The agreement was signed after a demanding selection process in which Petrobras chose Copetrol among 10 other competitors.<\/p>\n\n\n\n
During the negotiation process, Copetrol was constantly advised by the Vouga Abogados team, which covered all aspects of the transaction, including due diligence, review of the SPA (stock purchase agreement) and, in particular, leading the negotiations with Petrobras' M&A team and legal counsel. The closing of the transaction is subject to the approval of the National Competition Commission (CONACOM), the Paraguayan antitrust agency.<\/p>\n\n\n\n
In accordance with the agreements signed, the operations of the acquired entities will continue to be managed by an independent subsidiary of Copetrol.<\/p>\n\n\n\n
Copetrol has indicated that it will seek to reinvest in Paraguay the results of the operations of the acquired companies, in order to generate sources of employment and promote the growth of both the company and the country.<\/p>\n\n\n\n
If you would like to learn more about our Mergers and Acquisitions practice, please feel free to contact Rodolfo G. Vouga Z. (rgvouga@vouga.com.py<\/a>), Perla Alderete (palderete@vouga.com.py<\/a>) or Carlos Vouga (cvouga@vouga.com.py<\/a>).<\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" La Corporaci\u00f3n Paraguaya Distribuidora de Derivados de Petr\u00f3leo S.A. (Copetrol) \u2014a trav\u00e9s de una filial del grupo Copetrol\u2014, y Petr\u00f3leo Brasileiro S.A. \u2014mediante su filial Petrobras International Braspetro BV (Petrobras)\u2014, firmaron el 27 de junio de 2018 un contrato para la transferencia de la participaci\u00f3n de Petrobras en las empresas denominadas Petrobras Paraguay, que operan […]<\/p>","protected":false},"author":1,"featured_media":5824,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":1,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n