Mitsui has declared its intention to buy 49% stake in Petrobras

Mitsui has declared its intention to buy 49% stake in Petrobras


Japanese company Mitsui & Co. reports that the deal with the Brazilian company Petroleo Brasileiro S. A. will be held after it is approved by the authorities. The amount of the transaction will amount to 67 billion yen.

TOKYO, 26 Oct. Ivan Zakharchenko. Japanese company Mitsui & Co. intends to buy 49% stake in a Brazilian state company Petroleo Brasileiro S. A. (Petrobras), said in a press release issued on Monday in Tokyo.

Mitsui reports that the transaction will take place immediately after the authorities approve it.

The amount of the transaction will amount to 67 billion Japanese yen (over us $ 500 million).

In 2006, Mitsui acquired shares in the company Mitsui Gas that has equal shares in local distribution companies in seven Brazilian States.

Now Mitsui has its shares of eight Brazilian States, and buy Gaspetro through Mitsui Gas will allow the Japanese company to have a share in the distribution of gas in a volume of 30 million cubic meters per day in 19 States in the Central, northeastern and southern Brazil.

As previously reported, the company Petrobras in 2014 they opened a scheme of corruption that has affected the image and position of the company. The number of functionaries on behalf of the energy giant had signed contracts and was paid a Commission of 3% of the contract amount. These funds were used to bribe politicians and officials. According to authorities, overpricing and bribery brought the authors of the idea about 10 billion reais ($3.8 billion).