Atom-backed Ream Participações to acquire REMAN refinery from Petrobras for $190m.

Ream Participações, a corporate company owned by the partners of Atem, a firm engaged in the industries like fuel, road and river logistics, and shipbuilding, agreed to acquire REMAN, a refinery with processing capacity of 46k barrels per day and its assets include a storage terminal, from Petrobras, a Brazilian multinational corporation in the petroleum industry, for $190m. Upon the closing, Petrobras will normally maintain the operation of the refinery and all associated assets. After the closing, Petrobras will continue to support Atem in the REMAN operations in order to preserve safety and operational continuity for a specified period under a transition agreement.