Petrobras Distribuidora informs that the General Assembly of the Espírito Santo Gas Company (ES Gás), a joint stock company between the state of Espírito Santo and Petrobras Distribuidora, was held yesterday (7/22/19).

At this meeting, the initial share capital of the company was approved, with Petrobras Distribuidora holding 60.34% of the total capital and 49% of common shares.

ES Gas will only assume the services after the signing of the new concession agreement. Meanwhile, Petrobras Distribuidora will continue to operate the distribution of piped natural gas. The payment of capital by the state government and by BR will occur within 12 months.

The Shareholders' Meeting also approved the Bylaws and elected the members of the Board of Directors and Fiscal Council.