Petrobras (PETR4) entered into an agreement, on November 12, 2026, to acquire the remaining 70% of the share capital of Logum Logística S.A. (Logum), for R$ 620 million. The shares are held by Raízen Energia (30%), Copersucar (30%) and Uniduto Logística (10%). Petrobras already holds the other 30% and, after the transaction closes, will own 100% of the company.
Payment will be made in three installments: R$ 300 million at the closing of the transaction, R$ 160 million after 12 months and R$ 160 million after 24 months. The amounts are subject to the price adjustments provided for in the contract.
According to Petrobras, the acquisition offers "attractive" economic and financial terms, considering the growth of the ethanol market, notably the expansion of corn ethanol production in the Center-West region. The deal positions the company in the country's main ethanol logistics corridor and allows Logum's pipeline network to be integrated into the Petrobras System. The infrastructure connects producing hubs to the state-owned company's logistics network and to the Ilha d'Água port terminal.
Logum operates a pipeline network of more than 1,000 km and terminals in Uberaba (MG), Ribeirão Preto (SP) and Paulínia (SP). In the 2025-2026 harvest, it moved about 5 million m³ of products. Petrobras states that the project is in line with its Business Plan, which calls for expanding its presence in renewables and low carbon.
Completion of the transaction depends on the fulfillment of conditions precedent set out in the purchase and sale agreement, including approval by the Administrative Council for Economic Defense (CADE).
Is PETR4 worth investing in?
- Price
- R$ 43.55
- as of 11/11/2026
- Dividend yield
- 8.39 %
- P/L
- 4.00
- P/VPA
- 1.11
