Petrobras Approved the Partial Spin-Off of Gaspetro

Source: www.gulfoilandgas.com 10/23/2015, Location: South America

Petrobras announces that its Board of Directors, in a meeting held, has approved the partial spin-off of Petrobras Gas S.A. (Gaspetro).

The spin-off aims to segregate the assets and liabilities related to the natural gas distribution business from the company’s remaining assets and liabilities, turning Gaspetro into a holding company which will consolidate Petrobras’ interests in natural gas distributors.

The Board of Directors also approved the creation of a new wholly-owned subsidiary of Petrobras (Petrobras Logistica de Gas S.A.) with the purpose of receiving the assets and liabilities not related to the natural gas distribution business segregated from Gaspetro.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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