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Petrobras Informed That It Aims to Raise Between US$ 25 and US$ 35 Billion Through Asset Sales in Its Divestment Plan
Petrobras informed that it aims to raise between US$ 25 billion and US$ 35 billion through asset sales in its Strategic Plan 2021 – 2025. In its previous business plan, the values ranged from US$ 20 billion to US$ 30 billion. The company’s program includes 8 refineries, stakes in Braskem, BR Distribuidora, and Gaspetro.
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Petrobras also plans to divest from the Albacora, Albacora Leste, Frade fields, half of the Marlin field, and assets in onshore and shallow water. The company will sell 209 fields on land or in shallow water, assets in Argentina, Bolivia, Colombia, and the United States, and its 50% stake in the Marlim field.
The state-owned company began the process of selling its shares in Gaspetro at the end of February. The holding company has stakes in 19 natural gas distribution companies and is responsible for distributing 29 million cubic meters of natural gas per day across several states in 2019.
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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
According to the Director of Finance and Investor Relations, Andrea Almeida, “Last year we said we could incorporate more assets, and we are there with Marlim (oil field in the Campos basin), and we continue with the refineries, which are the strongest part of the plan, and in the gas assets, we included the routes (of the pre-salt gas pipelines), which were not in Cade’s TCC, but we will do it over time.”
In addition, 8 refineries are for sale, along with stakes in Braskem, PBio, BSBios, BR, among others.
Check out the video of the Strategic Plan 2021 – 25, presented by the Directors and the President of Petrobras. The video starts at minute 12.
More Divestments Petrobras: State-Owned Company Advances in the Sale of a Set of Five Concessions for Onshore Oil Fields in ES
The North Capixaba Pole of Petrobras includes the onshore oil fields of Cancã, Fazenda Alegre, Fazenda São Rafael, and Fazenda Santa Luzia. Check out the full article by clicking the title above.
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