Exclusive: U.S. firm GIP, Shell-Cosan venture plan to bid on Brazil refineries- sources

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Exclusive: U.S. firm GIP, Shell-Cosan venture plan to bid on Brazil refineries- sources
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U.S.-based financial firm Global Infrastructure Partners (GIP) is planning a joi...

), has presented non binding offers for the largest refineries put on sale by state-controlled Petrobras.

If this consortium bid is successful, it will mark GIP’s first investment in Brazil. Last year, it started raising a new fund for investments in emerging countries in Latin America and Asia. Binding bids for the largest four refineries are expected for early March, and must be presented with the final composition of the groups, the sources added, seeking anonymity because they were not authorized to disclose the talks.

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