Petrobras Announces Closing of BR's Public Offering

Source: www.gulfoilandgas.com 7/6/2021, Location: South America

Petrobras, following the material fact dated as June 30, 2021, announces the closing of the secondary public offering of common shares issued by the Petrobras Distribuidora S.A. (BR) and held by Petrobras, in the total amount of R$11,358,750,000.00. With the conclusion of the operation, Petrobras no longer holds a stake in BR's capital stock.

Additional information can be obtained from the Closing Announcement available at https://www.investidorpetrobras.com.br/en/shares-dividends-and-debts/prospects, under section “Public Offering Petrobras Distribuidora 2021,” subsection “Closing Announcement”.

This transaction aims to optimize Petrobras’ portfolio and capital allocation and it is consistent with its strategy to exit the distribution business and focus its investments in world-class refining and upstream assets in deep and ultra-deep waters, where Petrobras has demonstrated its competitive advantage.

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website is not and shall not be deemed part of this report on Form 6-K.


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