Petrobras Starts Non-Binding Phase for the Sale of TBG & TSB

Source: www.gulfoilandgas.com 2/5/2021, Location: South America

Petroleo Brasileiro S.A., Petrobras, following up on the release disclosed on December 23, 2020, informs the beginning of the non-binding phase regarding the sale of its 51% stake in Transportadora Brasileira Gasoduto Bolivia-Brasil S.A. (TBG) and 25% stake in Transportadora Sulbrasileira de Gas S.A. (TSB).

Potential buyers qualified for this phase will receive a process letter containing detailed information about the companies, in addition to instructions on the divestment process, including guidelines for the preparation and submission of non-binding proposals.

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. This operation is aligned with the strategy of portfolio optimization and the improvement of the company's capital allocation, aiming the maximization of value for its shareholders.


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