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LatinNews Daily - 08 February 2021

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In brief: Spain’s Disa becomes second fuel distributor in Uruguay

* Brazil’s state-owned oil company Petrobras has completed the sale of its assets in Uruguay to Mauruguay, a subsidiary of Grupo Disa, Spain’s largest independent petrol fuel distributor. Following approval from the antitrust regulators, the sale of Pudsa to Disa was finalised with a payment of US$62m, following an initial payment of US$6.17m when the sale was agreed in October 2020. Petrobras’ decision to end operations in Uruguay is part of the company’s divestment programme and strategy to focus on its competitive assets, while the transaction makes Disa the second largest fuel distributor in Uruguay, according to a statement by the Spanish company, with 24% of the market share and a network of 88 petrol stations across the country.