BP In Talks To Buy Jet Fuel Assets From Brazil Raizen - Report

Date : 12/13/2011 @ 7:05AM
Source : Dow Jones News
Stock : Cosan Limited Class A (CZZ)
Quote : 10.6  0.05 (0.47%) @ 4:01PM

BP In Talks To Buy Jet Fuel Assets From Brazil Raizen - Report

Historical Stock Chart

5 Years : From Jan 2013 to Jan 2018

Click Here for more BP Charts.

BP PLC (BP) is in talks to acquire some jet fuel assets from Brazilian fuels company Raizen, reported O Estado de S. Paulo in its Tuesday edition.

BP will buy a subsidiary of Raizen called Jacta Participacoes for up to 200 million Brazilian reais ($108 million), the newspaper said, without citing where it got the information.

Raizen and BP officials weren't immediately available for comment when contacted by Dow Jones Newswires.

If completed, BP will hold a market share of 15% of the local jet fuel industry, the report said. It didn't unveil the current market share of BP.

Earlier this year, when Raizen joint venture was created, the government antitrust body ruled for the sale of some assets of Cosan and Shell, including a portion of its jet fuel assets, said the report.

--By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

Latest CZZ Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.