Petrobras Clarifies on Sale of Stake in Petrobras Distribuidora

Source: www.gulfoilandgas.com 6/10/2021, Location: South America

Petrobras, in relation to the sale of the entirety of its remaining 37.5% stake in the capital of Petrobras Distribuidora SA (BR), clarifies that, as disclosed on 08/26/2020, the company's Board of Directors approved, in that date, said operation, to be carried out through a secondary public offering of shares (follow-on). The information that the sale will be made through an auction is not correct. The amount to be collected will depend on the result of pricing the transaction.

The offer is subject to market conditions, approval by Petrobras' internal bodies, notably as to the price, and analysis by the Brazilian Securities Commission (CVM) and other regulatory and self-regulatory bodies, pursuant to applicable legislation

. The company will keep the market informed of any relevant information on the subject.


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