Ultrapar Participações SA , which owns Brazil’s largest natural gas distribution company, is interested in acquiring some assets from state-controlled Petróleo Brasileiro SA that could be listed as early as this year, O Estado de S. Paulo newspaper reported on Monday.
Ultrapar would be willing to acquire Liquigás, a rival controlled by the state firm commonly known as Petrobras, Chairman Paulo Cunha told Estado in an interview. However, such a move could face tough regulatory scrutiny, Cunha told the paper.
The company was also interested in some assets controlled by BR Distribuidora SA, a fuel distribution firm that Petrobras plans to list on the local exchange within months, Estado said.
Brazil Energy Insight 
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