Petrobras has announced that it has entered into an agreement to acquire the remaining 70% of the share capital of Logum Logística SA (Logum), currently held by Raízen Energia SA (30%), Copersucar SA (30%), and Uniduto Logística SA (10%). Petrobras already owns the other 30% of Logum's share capital and, after the completion of the transaction, will own 100% of the company.
The total acquisition value will be R$620 million, payable in three instalments as follows: R$300 million upon closing; R$160 million after 12 months; and R$160 million after 24 months. These amounts are subject to price adjustments as stipulated in the contract.
The acquisition presents attractive economic and financial conditions for Petrobras, considering the growth of the ethanol market, especially the expansion of corn ethanol production in the Central-West region. The deal positions Petrobras in the country's main ethanol logistics corridor.
The transaction also promotes significant operational synergies by enabling the integration of Logum's pipeline network into the Petrobras System, potentially generating more value for the company's logistics assets. Logum's infrastructure connects important production hubs in Brazil to Petrobras' logistics network and the Ilha d'Água port terminal.
The project aligns with Petrobras' Business Plan, which foresees expanding its operations in renewable and low-carbon energy businesses, contributing to the profitable diversification of the company's portfolio. Pipeline transportation stands out for its logistical efficiency and lower emission intensity. As a reference, transporting 1 million m³ per year by pipeline is equivalent to removing approximately 80 trucks per day from highways. In the 2025 - 2026 harvest, Logum moved approximately 5 million m³ of products.
The completion of the transaction is subject to the fulfilment of precedent conditions stipulated in the purchase and sale agreement, including approval by the Administrative Council for Economic Defense (CADE).
