RIO DE JANEIRO, BRAZIL - A bidding group comprising Copagaz, Itaúsa, and Nacional Gás Butano made the best final offer for acquisition of the subsidiary. The sale is part of the state-owned oil giant's competitive divestment process.

The transaction is still to be submitted for approval by Petrobras' internal bodies and the ensuing stages of the project will be disclosed to the market in due course.

According to a note from the state-owned company . . .

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