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Petrobras closes partnership with Sete Brasil for just 7 euros

Written by Flavia Marinho
Published 01/01/2021 às 09:40
petrobras - seven brazil - euros

After the disposal carried out on December 30, Petrobras no longer holds direct or indirect equity interest in the companies of Grupo Sete Brasil.


Petrobras, informed in a material fact last Wednesday (30/12), that its Dutch subsidiary Petrobras Netherlands BV ended its shareholding in Grupo Sete Brasil. Looking for a job? 230 professionals summoned this afternoon (30/12) for offshore and onshore job vacancies; start March 3, 2021

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According to the state-owned company's statement to the market, its Dutch subsidiary Petrobras Netherlands, transferred, to companies of the Sete Brasil Group, for the total symbolic value of 7 euros, the shareholding.

Petrobras Netherlands held 15% in each of the Dutch special purpose companies controlled by the Sete Brasil Group itself, namely: Arpoador Drilling BV, Marambaia Drilling BV, Grumari Drilling BV, Copacabana Drilling BV, Leme Drilling BV, Leblon Drilling BV and Ipanema Drilling BV

With the sale carried out on December 30, Petrobras no longer holds direct or indirect equity interest in the companies of Grupo Sete Brasil.

"Petrobras reiterates that the effectiveness of the agreement with Sete Brasil remains subject to the fulfillment of suspensive conditions to be implemented by January 31, 2021, as per a statement released on 12/11/2020" says Petrobras in the statement

Petrobras pays BRL 190 million over settlement in Sete Brasil arbitration.

Petrobras announced in a material fact last night (17/12) that it will pay R$ 190 million to the Previ fund, from Banco do Brasil, to finalize the arbitration dispute over the losses related to Sete Brasil.

The value is reflected in the company's financial statements for the 3rd quarter of 2020”, says the state-owned company. “The company remains in defense of its interests in the ongoing processes”, he concludes.

The state-owned company paid R$ 190 million to Previ. According to the oil company, the agreement extinguishes the litigation without acknowledgment of guilt or responsibility by both parties and its terms and the arbitration process are protected by confidentiality”, adds the statement.

In August, Petrobras disbursed R$950 million to Foundation Petrobras de Seguridade Social (Petros), referring to the full amount of the agreement entered into with the recipient, on the arbitration dispute related to the investment in Sete Brasil.

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Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact flaviacamil@gmail.com for suggestions, job openings or advertising on our website. Do not send your resume, we are not hiring!

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