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Petrobras Signs Agreement to Exit NG Distribution Segment in Uruguay

Source: www.gulfoilandgas.com 9/30/2019, Location: South America

Petrobras informs that the company and its subsidiary Petrobras Uruguay Sociedad Anonima de Inversiones SA (PUSAI) and the State of Uruguay have completed the return of the concessions by transferring the shares held by PUSAI in the companies Distribuidora de Gas de Montevideo SA and Conecta SA to the Uruguayan state. The transaction was carried out by agreement, in accordance with negotiations between the President of Uruguay Tabare Vazquez and the President of the company, Roberto Castello Branco, as disclosed on July 16, 2019.

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