Petrobras talks about the divestment of the Presidente Getúlio Vargas Refinery (Repar) and clarifies that the binding stage of the competitive process has the participation of Ultrapar Participações S.A., the consortium led by Raízen S.A. and China Petroleum & Chemical Corporation (Sinopec).

The company received two proposals with close values and will make a new round of receiving binding proposals, based on Petrobras' Divestment System.

On July 9, 2020, the company informed about the approval of the deliberative bodies of Petrobras for the start of the negotiation phase of the Landulpho Alves Refinery (RLAM) and will disclose the next stages of the process under the terms of the Divestment Scheme.

Petrobras clarifies that the Systematics of Divestments only provides for the disclosure to the market of the following stages of the process: teaser, beginning of the non-binding phase, beginning of the binding phase, signing of an exclusive agreement (when applicable), signing and closing.

Finally, Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and informs that the subsequent steps will be disclosed to the market in accordance with the company's Divestment Scheme.