Brazilian oil & gas leader Petrobras has started the binding phase concerning the sale of all its equity interest, corresponding to 34.54% of the total capital, in the company Metanol do Nordeste, Metanor, headquartered in Camaçari, in the state of Bahia. Potential buyers qualified for this phase will receive a process letter with instructions on the divestment process, including guidelines for due diligence and for submitting binding bids. Metanor is a corporation, established in 1969, jointly controlled by Petrobras and Dexxos Participações. It operates, through its subsidiary COPENOR – Companhia Petroquímica do Nordeste, in the segments of methanol commercialization and production of methanol-derived products, notably formaldehyde and hexamine.
Brazilian oil & gas leader Petrobras has started the binding phase concerning the sale of all its equity interest, corresponding to 34.54% of the total capital, in the company Metanol do Nordeste, Metanor, headquartered in Camaçari, in the state of Bahia. Potential buyers qualified for this phase will receive a process letter with instructions on the divestment process, including guidelines for due diligence and for submitting binding bids. Metanor is a corporation, established in 1969, jointly controlled by Petrobras and Dexxos Participações. It operates, through its subsidiary COPENOR – Companhia Petroquímica do Nordeste, in the segments of methanol commercialization and production of methanol-derived products, notably formaldehyde and hexamine.
