Chevron in talks to buy stake in Brazil's Ipiranga, Brazil Journal reports

Reuters

03/09

SAO PAULO, March 9 (Reuters) - Oil producer Chevron CVX.N is in advanced talks with Brazilian conglomerate Ultrapar UGPA3.SA to purchase a 30% stake in fuel distributor Ipiranga, Brazil Journal reported on Monday, citing two sources familiar with the matter.

Chevron and Ultrapar did not immediately respond to requests for comment.

(Reporting by Isabel Teles; Editing by Gabriel Araujo)

((Isabel.Teles@thomsonreuters.com;))

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