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Mubadala set for exclusive talks to purchase RLAM refinery

Abu Dhabi’s investment fund Mubadala Investment is to enter into exclusive talks with Petrobras, which may take several weeks, to discuss purchase of Brazil’s second-largest refinery – RLAM (Landulpho Alves) in Bahia, after it submitted the best offer and was invited to negotiate.

However, if the contract changes significantly, Petrobras will call back competitors for a second round of bids based on price.