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Petrobras Releases Teasers for Sale of Wind Power Plants

Source: www.gulfoilandgas.com 1/31/2020, Location: South America

Petrobras has started the opportunity disclosure stage (teaser), regarding the sales of all of its equity stakes in the companies Eolica Mangue Seco 1 and Eolica Mangue Seco 2, owners of wind power generation plants.

The main subsequent stages of each project will be reported to the market in due course. This disclosure complies with Petrobras' divestment guidelines and the special regime of asset divestment by federal mixed capital companies, provided for in Decree 9,188/2017.

These transactions are in line with the portfolio optimization and the improvement of Petrobras’ capital allocation, aiming at maximizing value for its shareholders.

About E?licas Mangue Seco 1 and 2
E?licas Mangue Seco 1 and 2 are located in Guamaré, in the state of Rio Grande do Norte, and are part of a complex of four wind farms with total installed capacity of 104 MW. Each company owns and operates a wind farm with a capacity of 26 MW.

In Mangue Seco 1, Petrobras and Alubar Energia S.A. have, respectively, 49% and 51% interest.

In Mangue Seco 2, Petrobras and Eletrobras have, respectively, 51% and 49% interest.

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website is not and shall not be deemed part of this report on Form 6-K.

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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  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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