Meet The Petrobras Companies Cleared For Sale By The Supreme Federal Court.

The STF Plenary Decided This Friday, June 7, to Waive Legislative Approval and Bidding for the Sale of Subsidiary Companies and Mixed Economies.

The decision applies to companies belonging to energy holdings such as Petrobras and Eletrobras. However, it does not apply to the holdings themselves, which – according to the decision – need authorization from the National Congress to be sold. The main affected party in the STF’s decision is Petrobras. The company has sold and intends to sell some of its most important subsidiaries. A contrary decision from the STF could delay or even prevent – depending on the decision of deputies and senators – the sale of some companies.

Ibovespa Operates Up After STF Decision on State-Owned Enterprise Sales

The main indicator of the São Paulo stock exchange, B3, closed up this Friday, 7, after rising more than 1% the day before, favored by positive sentiment abroad and favorable repercussions of the STF decision that waives prior approval from the National Congress for the sale of controlling shares in subsidiaries of state-owned companies.

Ibovespa ended the trading session up 0.63%, at 97,821 points. Petrobras advanced almost 2.72%, with the market assessing that the STF decision represents an important safeguard for the continuity of the state-owned company’s divestment program. Estácio led the day’s gains, rising 7.44%.

Check Below the Companies That Petrobras May Sell

• Petrobras Distribuidora
• Petrobras Biocombustível
• Liquigás
• Breitener Energética, UTEs
• Logum Logística SA
• Petrobras Logística de Gás S.A. and TBG

See the Complete List of Petrobras’s Shareholdings

by epbr