Cosan, (CZZ.N) Brazil's largest sugar and ethanol group, has closed a deal to buy the local Petrosul chain of filling stations based in Sao Paulo, the local Web site iG said on Wednesday.
Cosan said it did not comment on market rumors when asked by Reuters for its response to the story.
The report said that Petrosul has 90 filling stations which Cosan plans to operate under the Esso brand name. Cosan bought oil major Exxon Mobil's (XOM.N) assets under the Esso name in 2008 for about $1 billion.
The report gave no estimate for the value of the Petrosul sale.
source: reuters
Brazil Cosan buys Petrosul gas stations - report
Thursday, December 03, 2009 | Ethanol Industry News | 0 comments »
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