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Report: Petrobras obtains 3 binding offers for Liquigas Distribuidora

Brazilian state-owned oil major Petróleo Brasileiro SA - Petrobras obtained three binding offers for its Liquigás Distribuidora SA unit Aug. 16, Reuters reported Aug. 19, citing two sources.

The move follows reports that the oil major, more commonly known as Petrobras, shifted the deadline for proposal submissions after interested parties asked for more time to conduct due diligence on the unit.

Petrobras plans to finish divesting the unit in November, one of the sources told Reuters.

Reuters had reported that Itaúsa - Investimentos Itaú SA, Mubadala Investment Co. and SHV Energy NV were expected to submit proposals.