Petrobras divestment plan continues with Gaspetro sale
Mitsui expands its gas distribution network to 19 of Brazil's 26 states through the deal. (Credit: SSSCCC)
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Rio de Janeiro has helped Brazilian state-owned energy company Petrobras sell a minority stake in its gas distribution subsidiary to Japanese commercial conglomerate Mitsui for 1.9 billion reais (US$490 million) as part of its multibillion-dollar divestment programme.
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