Cases & Deals

Chevron sells fuel making business in Brazil to subsidiary of Ultrapar Participações

Clients Chevron Corporation

Jones Day advised Chevron Corporation in the $730 million sale of fuel making business in Brazil to Ultrapar Participações S.A.

Under the terms of the agreement, Ultrapar acquires a network of approximately 2,000 service stations operating under the Texaco brand, an equity interest in associated terminal operations, and Chevron's commercial and industrial fuels business.

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