By ROGERIO JELMAYER
SAO PAULO -- Brazil's government-run oil company Petroleo
Brasileiro SA, or Petrobras, is in talks to buy the local
privately-owned refinery Refinaria de Petroleo
Manguinhos SA for at least 2 billion Brazilian reais ($1.1
billion), reported the local newspaper Folha de S.
Paulo over the weekend.
Petrobras is holding talks with Manguinhos' controller Grupo
Andrade Magno, said the newspaper, which didn't unveil where it
got the information.
Petrobras and Manguinhos officials weren't immediately
reached for comment.
According to the newspaper, recently the local oil company
OGX Petroleo e Gas Participacoes S/A, part of billionaire Eike
Batista's EBX Group, tried to acquire Manguinhos.
However, the company's controller refused OGX's
Manguinhos has a market share in the local refinery industry of 2.1%, the
company said on its website.
Dow Jones Newswires