Petrobras agrees to acquire remaining 70% of Logum
- Petrobras will pay R$620 million in three installments: R$300 million at closing, followed by R$160 million after 12 months and 12 months later.
- The sellers are Raízen Energia, Copersucar and Uniduto Logística, which hold 30%, 30% and 10% of Logum, respectively.
- The deal requires completion of contractual conditions, including approval by Brazil’s CADE.
- Logum handled about 5 million m³ of products in the 2025–2026 harvest.
Transaction terms
Petrobras has agreed to acquire the remaining 70% of Logum from Raízen Energia, Copersucar and Uniduto Logística, giving it full ownership. The R$620 million purchase price is payable in three installments: R$300 million at closing, R$160 million after 12 months and R$160 million after 24 months. Payments are subject to contractual price adjustments.
Logistics and market rationale
The acquisition would integrate Logum’s pipeline network into the Petrobras System. The infrastructure connects production hubs in Brazil with Petrobras’ logistics network and the Ilha d’Água port terminal. Petrobras cites growth in the ethanol market, particularly corn ethanol production in the Center-West, and potential operational synergies.
Pipeline transport is described as having lower emissions intensity than road transport. Logum handled about 5 million m³ of products in the 2025–2026 harvest.
Approval
Completion is subject to conditions in the purchase agreement, including approval by Brazil’s Administrative Council for Economic Defense (CADE).
Source: Petrobras