Divestment

Petrobras announces start of binding phase for the sale of Breitener Energética S.A

Petrobras Agency
16/08/2019 17:03
Petrobras announces start of binding phase for the sale of Breitener Energética S.A Imagem: Divulgation Visualizações: 2958 (0) (0) (0) (0)

Petrobras informs the beginning of the binding phase related to the sale of its entire 93.7% stake in Breitener Energética S.A., located in the state of Amazonas.

 

Parties qualified for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and submission of binding proposals.

 

This release complies with Petrobras' divestment methodology, in agreement with the special regime for the divestment of assets by federal mixed-capital companies, provided for in Decree 9,188/2017.

 

This operation is in line with the company’s portfolio optimization and improvement of capital allocation, aiming at creating value for our shareholders.

 

Institucional

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