CORRECTED-Petrobras shareholders approve Liquigas sale for $816 mln

(Corrects to “Petrobras” from “Brazil” in headline)

Jan 31 Shareholders in Brazil’s
state-controlled oil company Petroleo Brasileiro SA
approved on Tuesday the sale of Liquigas Distribuidora SA to a
unit of Ultrapar Participações SA for 2.57 billion
reais ($816 million), according to a securities filing.

Petrobras, as the company is known, said in a separate
filing that it may have to close its money-losing Citepe-Suape
petrochemical complex if it is unable to sell the operation due
to a recent court ruling.

($1 = 3.15 reais)

(Reporting by Brad Haynes; Editing by Chris Reese)

The article CORRECTED-Petrobras shareholders approve Liquigas sale for $816 mln was originally published at Reuters - US Energy.