Petrobras on Sale of BSBios Shares

Source: www.gulfoilandgas.com 12/18/2020, Location: South America

Petrobras, following up on the press release disclosed on April 27, 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), as part of the competitive process, has concluded the negotiation phase with the company RP Participacoes em Biocombustiveis S.A. for the sale of all its shares (50%) issued by BSBios Industria e Comercio de Biodiesel Sul Brasil S/A (BSBios).

The Executive Board of PBio approved the forwarding of the matter for deliberation of Petrobras' competent bodies. The transaction is still subject to the approval of PBio Shareholders General Meeting and to compliance with other usual precedent conditions.

The value attributed to 100% of BSBios shares is R$ 1.235 billion on the base date of 11/30/2020. With the net debt deductions and other price adjustments, the net value to be received by PBio (50% of BSBios) will be around R$ 319 million, if the transaction is approved.

Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and informs that the subsequent steps will be disclosed to the market according to the company's and PBio's Divestment Methodology and Decree 9.188/2017.


Australia >>  6/23/2022 - It was announced that MMA Offshore Limited has entered into an agreement to acquire Subcon International Pty Ltd through the acquisition of 100% of Su...
Denmark >>  6/23/2022 - Noble Corporation (NE) ("Noble") and The Drilling Company of 1972 A/S (DRLCO), collectively with Noble, the "Parties," provided an update on the ongoi...

Norway >>  6/22/2022 - Lundin Energy AB would like to remind shareholders that 23 June 2022 is the ex-dividend date in relation to the transaction with Aker BP. Therefore, 2...
United States >>  6/22/2022 - Atkore Inc. has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit, primarily serving telecom,...

Norway >>  6/21/2022 - Wilhelmsen is pleased to announce that they have entered into an agreement with Seven Seas to acquire 100 % of their shares in their subsidiary Stromm...
United Arab Emirates >>  6/21/2022 - A definitive agreement has been reached between the Abu Dhabi National Energy Company (TAQA), the Abu Dhabi National Oil Company (ADNOC), and Mubadala...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.