# Petrobras Agrees to Buy Remaining 70% of Logum Logística S.A. for R$620 Million

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55894
Published: 2026-11-12T20:56:24.000Z
Updated: 2026-11-12T20:56:24.000Z
Section: Business

> Petrobras already holds 30% of the Brazilian biofuels logistics company; the agreement would give it full ownership.

Petrobras agreed Thursday, Nov. 12, to acquire the remaining 70% of Logum Logística S.A. for R$620 million, a deal that would give the Brazilian oil company full ownership of the biofuels logistics business.

Petrobras currently owns 30% of Logum. The planned purchase would add the other 70% to its stake.