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Exclusive: Chevron Negotiates Buying 30% of Ipilanga
Summary by braziljournal.com
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The Ultrapar is in advanced discussions with Chevron Corp. to sell a 30% share in Ipiranga, two sources on the subject told Brazil Journal. The talks began about a year ago and were facilitated by the fact that the two companies are already partners in ICONIC, the lubricant business where Ultrapar has 54% of the capital and Chevron, 46%. According to the sources of the negotiations, the two sides have already reached a price agreement and are no…
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