RIO DE JANEIRO, BRAZIL (By PETROBRAS, 12.Nov.2026, Words: 438) — PETROBRAS entered into an agreement to acquire the remaining 70% stake in Logum Logística S.A., currently held by Raízen Energia S.A. (30%), Copersucar S.A. (30%) and Uniduto Logística S.A. (10%).
PETROBRAS already holds the other 30% stake in Logum and, upon completion of the transaction, will hold 100% of the company.
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The total acquisition price will be R$620mn, payable in three installments as follows: R$300mn at closing; R$160mn after 12 months; and R$160mn after 24 months. The amounts are subject to the price adjustments set forth in the agreement.
The acquisition offers attractive economic and financial conditions for PETROBRAS, considering the growth of the ethanol market, particularly the expansion of corn ethanol production in Brazil’s Center-West region. The transaction positions PETROBRAS in the country’s main ethanol logistics corridor.
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The transaction also generates significant operational synergies by enabling the integration of Logum’s pipeline network into the PETROBRAS system, with the potential to create additional value from the company’s logistics assets. Logum’s infrastructure connects major production hubs in Brazil to PETROBRAS’ logistics network and the Ilha d’Água port terminal.
PETROBRAS’ business plan
The project is aligned with PETROBRAS’ business plan, which provides for expansion into renewable and low-carbon energy businesses, contributing to the profitable diversification of the company’s portfolio. Pipeline transportation stands out for its logistics efficiency and lower emissions intensity.
By way of comparison, transporting 1 million cubic meters per year by pipeline is equivalent to removing approximately 80 trucks from the roads each day. During the 2025–2026 harvest, Logum transported approximately 5 million cubic meters of products.
Completion of the transaction is subject to the satisfaction of the conditions set forth in the purchase and sale agreement, including approval by Brazil’s Administrative Council for Economic Defense (CADE).Logum is a privately held corporation headquartered in Rio de Janeiro, Brazil. Its corporate purpose includes the transportation, handling and storage of ethanol, petroleum products and other biofuels.
About Logum
Logum is a privately held corporation headquartered in Rio de Janeiro, Brazil. Its corporate purpose includes the transportation, handling and storage of ethanol, petroleum products and other biofuels.
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The company operates a pipeline network of more than 1,000km and terminals in Uberaba (Minas Gerais), Ribeirão Preto (São Paulo) and Paulínia (São Paulo), which receive ethanol from production facilities across the country.
The biofuel is transported by pipeline to distribution hubs in Barueri, Guarulhos, São Caetano do Sul and São José dos Campos (São Paulo state), and Duque de Caxias (Rio de Janeiro state), as well as to the Ilha d’Água maritime terminal (Rio de Janeiro state), where it is loaded onto tankers for coastal shipping and export.
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