Petrobras adia para o dia 30 de abril a entrega de proposta da Gaspetro

Petrobras Delays Gaspetro Proposal Submission to April 30

Written by Flavia Marinho

Published on 19/03/2020 at 15:19

Petrobras adia para o dia 30 de abril a entrega de proposta da Gaspetro

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Petrobras Did Not Provide Details on the Delay, and Stated That the Next Steps of the Project Will Be Disclosed to the Market in Due Time.

Petrobras postponed the deadline for qualification in the non-binding phase of potential buyers for the 51% stake it holds in Gaspetro to April 30, the company said in a statement on Wednesday. Oil Workers Threaten to Strike, Risk of Coronavirus Contamination on Platforms Is “Very High,” Says FUP

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“Petrobras, in continuation of the statement released on February 27, 2020, regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro), informs the postponement, to April 30, 2020, of the deadline for qualification of potential buyers for the non-binding phase.” the oil company said in a statement.

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The state-owned company did not provide details on the delay, and stated that the next steps of the project will be disclosed to the market in due time.

The adjusted teaser is available on the Petrobras website: https://www.investidorpetrobras.com.br/pt/resultados-e-comunicados/teasers

The main subsequent stages of the project will be informed to the market in due course.

This operation is aligned with optimizing the company’s portfolio and improving its capital allocation, aiming to maximize value for its shareholders.

About Gaspetro

Gaspetro is a holding company with stakes in various gas distributors, which distributed 29 million cubic meters of the product per day in 2019. In corporate terms, Petrobras holds 51% of the company and Mitsui Gas and Energy holds 49%.

Gaspetro is an important asset in Petrobras’ divestment program.

The day before, a source from the company told Reuters that Petrobras would evaluate the possibility of short-term adjustments to its business plan, as the crisis generated by the coronavirus and a price war declared by Saudis are lowering commodity prices.

Petrobras Delays Gaspetro Proposal Submission to April 30

Petrobras Did Not Provide Details on the Delay, and Stated That the Next Steps of the Project Will Be Disclosed to the Market in Due Time.

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Petrobras Delays Gaspetro Proposal Submission to April 30

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