Petrobras on the Sale of Petrochemical Company Stake

Source: www.gulfoilandgas.com 6/2/2021, Location: South America

Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire 27.88% stake in Deten Química S.A. (Deten), located in the Camaçari industrial complex, in the state of Bahia.

The main subsequent stages of the project will be reported to the market in due course.

This disclosure complies with Petrobras' internal rules and the special regime of asset divestment by federal mixed-capital companies, provided for in Decree 9,188/2017.

This transaction is in line with the company's strategy of portfolio optimization and capital allocation improvement, aiming at maximizing value for its shareholders.

About Deten
Deten manufactures and markets the main raw materials for the production of liquid and powder biodegradable detergents. It is the only domestic producer of Linear Alkylbenzene (LAB), the precursor to Linear Alkylbenzene Sulfonate Acid (LABSA), of which it is also the manufacturer. It also produces Heavy Alkylate (ALP), used in lubricant additives and textile oil.


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