Petrobras agrees to sell eight oil refineries

Partner Eduardo Frade talked with Global Competition Review (GCR) about the agreement signed by Petrobras at Cade to sell eight oil refineries.

Frade said the settlement ends a long-lasting monopoly of a company that is considered a Brazilian institution. “This will still be an industry subject to antitrust concerns, as others, but this change evidently gives room to more competition.”

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