Divestment Plan

Petrobras announces favorable decision of the Supreme Court

Petrobras Agency
08/06/2019 00:15
Petrobras announces favorable decision of the Supreme Court Imagem: T&B Petroleum Visualizações: 1199 (0) (0) (0) (0)

Petrobras informs that today the Plenary of the Federal Supreme Court (STF) reversed the provisional injunction granted by Minister Ricardo Lewandowski in ADI 5624, which conditioned the sale of control of subsidiaries and subsidiaries of state-wned companies to prior legislative authorization and public bidding.

 

Petrobras continues with its divestments, fundamental for reducing its level of indebtedness and for generating value through active portfolio management, in line with its 2019-2023 Business Plan and Management and Resilience Plan, respecting the competitiveness and the constitutional principles applicable to the company.


Regarding the sale of Petrobras' 90% stake in the Transportadora Associada de Gás S.A. (TAG), the company informs that Minister Edson Fachin revoked the injunction granted in Complaint 33292, which allows the conclusion of the operation.

 

Concerning the sale of 100% of its stake in Araucária Nitrogenados S.A., suspended pursuant to an injunction issued by the Federal Court of Rio de Janeiro, the company clarifies that it will continue to defend its interests, taking into account the decision of the Plenary of the Federal Supreme Court.

Most Read Today
see see
Pre-Salt
Oil States signs contracts to supply rigid jumpers for S...
03/07/25
Electric Energy
SMEs: Seven Tips for Joining the Free Energy Market
03/07/25
Energy Transition
CCEE Highlights Leadership in Energy Transition at EVEX ...
03/07/25
Award
WPC Energy Announces Vicki Hollub as Recipient of the Pr...
01/07/25
ANP
Final Results of the PRH-ANP 2025 Announced
01/07/25
Wind Energy
New Provisional Measure Will Not Be Enough to Counter Ha...
30/06/25
International
Oil discovery in the Johan Castberg area in the Barents Sea
30/06/25
Fuels
Gasoline Drops Just 0.78% in June Despite Petrobras' 5.6...
30/06/25
Event
Brazil Advances Energy Transition with E30 and B15, Rein...
30/06/25
People
Patricia Pradal Appointed as New President of Chevron So...
30/06/25
Results
ANP Releases Consolidated Data for the Regulated Sector ...
30/06/25
Ethanol
Ethanol Prices Rise in the Last Week of June
30/06/25
People
Fulkrum appoints Louisa Poole as Chief Financial Officer
26/06/25
International Company News
Johan Castberg producing at full capacity
25/06/25
Decarbonization
EPE to Launch Analysis on Decarbonization of Brazilian E...
13/06/25
FIRJAN
At the Launch of the Rio Oil Yearbook, Business Leaders ...
13/06/25
Permanent Offer
ANP to Hold 5th Cycle of the Permanent Concession Offer ...
13/06/25
Award
Unique Group Celebrates Prestigious Wins at 2025 cHeRrie...
13/06/25
Business
ANP to Hold Public Consultation and Hearing on Update of...
12/06/25
RenovaBio
ANP Approves New Regulation for Biofuels Certification
12/06/25
E&P
ANP Approves Resolution Establishing Requirements for Fu...
12/06/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.