Petrobras to Acquire Full Control of Logum Logística

Petrobras agreed on November 12, 2026, to acquire the remaining 70% stake in ethanol pipeline operator Logum Logística for R$620 million, or approximately US$111 million. The state-controlled oil company already owns 30% of the firm and will purchase the remaining shares from Raízen Energia, Copersucar, and Uniduto Logística.

The payment is structured in three installments, starting with R$300 million at closing, followed by two payments of R$160 million at 12 and 24 months. The acquisition grants Petrobras control over a logistics corridor exceeding 1,000 kilometers of pipelines. This network connects production hubs in Minas Gerais and São Paulo to distribution centers and the Ilha d’Água port terminal.

Petrobras intends to integrate this infrastructure into its own logistics system to meet rising ethanol demand, specifically corn ethanol from the Centre-West region. The transaction remains subject to approval by the Administrative Council for Economic Defense, Brazil's antitrust regulator.