Petrobras on the Sale of RLAM

Source: www.gulfoilandgas.com 6/9/2021, Location: South America

Petrobras, following up on the release disclosed on March 24, 2021, informs that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved the transaction for the sale of Landulpho Alves Refinery (RLAM) to Mubadala Capital.

The transaction is still subject to the elapse of the 15-day period imposed by Law 12,529/11 and the fulfillment of other conditions precedent provided for in the share purchase and sale agreement.

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 in accordance with the company's Methodology for Divestments and Decree 9188/2017.


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