In a statement, Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management.
Petrobras informed yesterday (23/12) in a material fact that it signed the contract for the sale of 50% of BSBios Indústria e Comércio de Biodiesel Sul Brasil with RP Participações em Biocombustíveis, in the amount of R$ 322 million. Petrobras signed with Petrorecôncavo the sale of 12 onshore fields in Bahia
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BSBios owns the Passo Fundo (RS) and Marialva (PR) biodiesel plants.
According to Petrobras' report, the amount of BRL 322 million, including monetary adjustment, will be deposited in escrow accounts, for PBio's stake in BSBios, and is subject to the usual adjustments for transactions of this nature.
R$ 255 million will be withdrawn by PBio at the closing of the transaction and R$ 67 million will be held in an escrow account to indemnify any contingencies and released according to the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.
In a statement, Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management.
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 thousand tons/year and storage capacity for 120 thousand tons of grains, 60 thousand tons of bran and 7,5 thousand m³ of biodiesel; and another located in Marialva (PR), with a production capacity of 414 thousand m³/year and storage 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 SA is a company controlled by the ECB Group and its main activity is to participate and invest in companies that produce and sell biofuels. Its main investment is its shareholding in BSBios.
