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Petrobras Reiterates Commitment to Transparency in Its Divestment Projects and Portfolio Management in Statement
Petrobras announced yesterday (12/23) in a material fact that it signed the contract for the sale of 50% of BSBios Indústria e Comércio de Biodiesel Sul Brasil to RP Participações em Biocombustíveis for R$ 322 million. Petrobras Signed with Petrorecôncavo the Sale of 12 Onshore Fields in Bahia
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BSBios owns biodiesel plants in Passo Fundo (RS) and Marialva (PR).
According to Petrobras’ report, the amount of R$ 322 million, including monetary correction adjustments, will be deposited in linked accounts (escrow) for PBio’s stake in BSBios and is subject to customary adjustments for transactions of this nature.
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R$ 255 million will be withdrawn by PBio upon transaction closing, while R$ 67 million will be held in a linked account for potential contingencies and released according to the terms and conditions set forth in the contract. The closing of the transaction is subject to the fulfillment of customary conditions precedent.
Petrobras Reiterates Commitment to Transparency in Its Divestment Projects and Portfolio Management in Statement
About BSBios
BSBios owns two biodiesel plants: one in Passo Fundo (RS) with a production capacity of 414 thousand m³/year, crushing capacity of 1.152 million tons/year, and storage capacity of 120 thousand tons of grains, 60 thousand tons of meal, and 7.5 thousand m³ of biodiesel; and another located in Marialva (PR) with a production capacity of 414 thousand m³/year and storage capacity of 3 thousand m³ of vegetable oil, 1.5 thousand m³ of animal fat, and 4.5 thousand m³ of biodiesel.
About RP Participações em Biocombustíveis
Founded in 2011, RP Participações em Biocombustíveis S.A. is a company controlled by ECB Group, primarily engaged in participating and investing in companies that produce and market biofuels. Its main investment is the equity stake in BSBios.
