SAO PAULO/RIO DE JANEIRO (Reuters) – Brazil’s planned privatization of eight Petroleo Brasileiro SA (PETR4.SA) refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said.
Around 20 companies have signed non-disclosure agreements granting them access to the refineries’ data and signaling that they are considering a bid, the sources added, speaking on condition of anonymity to disclose private details of the sale.
The first round of non-binding offers for four of the eight refineries Petrobras put on the block is due on Oct. 11, the sources said. The eight refineries have total capacity of 1.1 million barrels per day.
Among the potential bidders are trading firms Vitol SA, Glencore PLC (GLEN.L) and Trafigura AG. Local companies Ultrapar Participações SA (UGPA3.SA) and Raizen, a joint venture of Brazil’s Cosan SA (CSAN3.SA) and Royal Dutch Shell (RDSa.L), also signed non-disclosure…
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