Petrobras Acquires Remaining Logum Stake for R$620 Million

en.Wedoany.com Reported - On November 12, Petrobras signed a share purchase agreement with the existing shareholders of Logum Logística S.A. to acquire the remaining 70% stake in Logum for R$620 million. Upon completion of the transaction, Petrobras's shareholding will increase from the current 30% to 100%, giving it full ownership of the ethanol and biofuel logistics company. The transaction involves the 30% held by Raízen Energia, the 30% held by Copersucar, and the 10% held by Uniduto Logística.

The transaction value is R$620 million, payable in installments: R$300 million at closing, R$160 million 12 months after closing, and another R$160 million 24 months after closing. Each installment is subject to price adjustments as stipulated in the share purchase agreement. This acquisition is an equity transaction, with the subject being the remaining 70% stake in Logum, rather than the separate purchase of any individual pipeline segment or terminal facility.

Headquartered in Rio de Janeiro, Brazil, Logum is primarily engaged in the transportation, handling, and storage of ethanol, petroleum products, and other biofuels, operating a pipeline network of more than 1,000 kilometers. Its logistics system connects receiving terminals in Uberaba, Minas Gerais; Ribeirão Preto and Paulínia, São Paulo; and delivers fuel via pipelines to distribution nodes in Barueri, Guarulhos, São Caetano, and São José dos Campos in São Paulo State, as well as Duque de Caxias in Rio de Janeiro State, ultimately connecting to the Ilha d'Água marine terminal. This terminal enables coastal shipping and export operations via tankers, forming a transportation chain from inland ethanol production areas to consumer markets and ports.

According to biofuel outlook materials published by the Energy Research Company (EPE) in 2025, the Logum operating system includes multiple pipeline segments, both owned and contracted. Among them, the Ribeirão Preto–Paulínia segment has an operating capacity of 2.8 billion liters per year, and the Uberaba–Ribeirão Preto segment has a capacity of 1.8 billion liters per year; the effective storage capacity of operating terminal tanks totals approximately 617 million liters. The transport capacities of different pipeline segments cannot simply be added together to represent the actual throughput of the entire system. Petrobras disclosed that Logum transported approximately 5 million cubic meters of products during the 2025–2026 harvest season.