DISA Corporación Petrolífera’s $67 Million Acquisition of Petrobras Uruguay Distribución

Blank Rome, Bragard, Linklaters and Guyer & Regules advised on the transaction

Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), signed with DISA Corporación Petrolífera S.A. (Disa), a contract for the disposal of its entire stake in Petrobras Uruguay Distribuición S.A. (PUDSA), in Uruguay.

The value of the sale was US$ 61.70 million.

The closing of the transaction is subject to the fulfillment of previous conditions, such as approval by the Uruguayan Competition Authority.

PUDSA operates in the fuel and lubricant distribution market, with a portfolio of assets that includes a network of 90 service stations, 88 of which are in operation, 16 convenience stores, a lubricant logistics terminal, and a QAV plant, being the second largest fuel distributor in the country.

Blank Rome advised DISA Corporación Petrolífera S.A. with Linsey Bozzelli and Saminaz Akhter.

In Uruguay, Bragard advised DISA Corporación Petrolífera S.A. with Jean Jacques Bragard (Picture), Agustina Bomio, Alfredo Delgado Sartori, María Laura Capalbo, Francisco Rodríguez, Mercedes Nin Algorta, María Florencia Otero and Daniela Sztryk.

Linklaters advised Petróleo Brasileiro S.A. (Petrobras) with Kyle Colvin, Marcelo Lopes and Gabriel Silva.

Guyer & Regules advised Petrobras in Uruguay.

Involved fees earner: Saminaz Akhter – Blank Rome LLP; Linsey Bozzelli – Blank Rome LLP; Agustina Bomio – Bragard; Jean Jacques Bragard – Bragard; María Laura Capalbo – Bragard; Alfredo Delgado Sartori – Bragard; Mercedes Nin – Bragard; María Florencia Otero – Bragard; Francisco Rodríguez – Bragard; Daniela Sztryk – Bragard; Kyle Colvin – Linklaters; Marcelo Lopes – Linklaters; Gabriel Silva – Linklaters;

Law Firms: Blank Rome LLP; Bragard; Linklaters;

Clients: DISA Corporación Petrolífera S.A.; Petrobras;

Author: Ambrogio Visconti.