Chinalco rio deal may be conflict of interest aficlty
By Ben Nicholson-Smith
The Brazilian government has signed an agreement to buy Brazilian oil and gas company Temorco for €9.9bn, a report by Bloomberg News reported on Wednesday.
The Brazilian government, the country’s biggest shareholder in the private oil company, Temorco, signed the deal on behalf of Temorco’s parent company, Ococo Group, Bloomberg’s report said.
The deal, according to the report, is subject to approval by Brazil’s Securities and Exchange Commission (CEIC) and is subject to Temorco’s shareholder approval.
The deal was signed on behalf of Temorco’s parent company, Ococo Group, by Temorco Chairman Fernando Barros at a meeting at the state palace in Sao Paulo.
The Brazilian government, Temorco and Ococo have signed an agreement for a company in which Temorco will hold a 60% stake, the report said. It said it was unclear whether Temorco would receive any of the money that was exchanged between Temorco and Temorco’s parent company Ococo.
The Brazilian government said it had also signed agreements to buy a 70% stake in the Brazilian oil and gas company Petrobras, which is based in Rio de Janeiro, and a 34% stake in its Mexican 골드카지노gas producer Cepas.
Temorco had initially been expected to have an agreed price of €15bn for Temorco, the report added.
The deal was not announced to the public, and was only made public through the media.
Ococo and Temorco are both headquartered in Brazil’s South American country of Ecuador.
In a statement released on Wednesday afternoon, the Ococo Group said it welcomed the progress in terms of signing the deals.
Temorco is part of Temorco Brasil, a consortium of eight Brazilian energy com온라인바카라panies, in which Temorco also has an interest, according to Temorco Group spokesman Carlos Pinto.
According to the news agency, Temorco’s parent company said it received a payment from Ococo, while Temorco said it had received a payment from Temorco’s parent company Temorco Brasil. It is unclear how much Temorco said it received from O양산안마coco.
While Temorco has also taken the title of owner of two state-owned oil and gas reserves, the latter, in th