SAO PAULO: A group led by Brazil’s Itausa Investimentos SA offered about 3.5 billion reais (US$850mil) for Petrobras’s bottled gas distributor, a person with knowledge of the matter said, asking not to be named because the discussions are private.
Petrobras said in a filing that Itausa, the holding company for the Setubal and Villela families, in a consortium with Copagaz Distribuidora de Gas Ltda and Nacional Gas Butano, offered the highest bid for Liquigas Distribuidora SA.
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