Process of Interest Sale of Petrobras Distribuidora

Source: www.gulfoilandgas.com 3/10/2016, Location: South America

Petrobras, with respect to the sale of its subsidiary Petrobras Distribuidora (BR), disclosed by Material Fact on 07/22/2016, informs that it has sent a prospectus (Teaser) about the opportunity, to potential partners.

The selection of companies who received the teaser was based on a series of objective criteria, working together with a financial institution with expertise in mergers and acquisitions and contracted to conduct the sales process.

The Board of Directors of Petrobras decided on July 22, 2016 to initiate a new competitive process, aiming share of control, within a corporate structure that will leave Petrobras with a majority of total capital and 49% of voting capital. This new corporate structure intends to attract greater interest from the market, and has as its objectives maximizing the value in the business of distributing hydrocarbon products, meeting the strategic objectives of Petrobras, and maintaining integrated operations along the hydrocarbon chain.

Facts deemed relevant on the subject will be timely announced to the market.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


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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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