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The Cade (Administrative Council for Economic Defense) approved without restriction the purchase by the French oil company Total of the Zema group's fuel distribution in Brazil, according to a dispatch published Monday in the Official Journal of the Union [[19659002] Zema Petroleum operates a network of 280 petrol and ethanol storage and service stations, mainly in Minas Gerais, Brazil. Goiás and Mato Grosso.
With the agreement, the value of which has not been revealed, Total plans to double the number of brand stations in the next five years, especially in the Southeast and Central West of Brazil. the largest biofuels market in the world, said the company.
Total's initiative, announced last month, followed that of other multinationals in the fuels sector. Vitol acquired 50% of the Rodoil fuel distribution company in October and Switzerland Glencore has absorbed 78% of Ale Combustíveis also this year.
Total already operates in the country in the oil sector. It is a partner holding a 20% stake in Libra, the largest oil reserve in the country, in partnership with Petrobras.
The French company also entered into a strategic alliance with the public company providing for the transfer of 35%. of Lapa, in the pre-salt basin of Santos
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