Possibility to Create a Power Generation Subsidiary Gathering Thermal Power Plants. Petrobras Plans to Sell the Company on the Stock Exchange
After the STF Allowed the Sale of Its Subsidiaries Without Congressional Approval, Petrobras is studying the creation of a subsidiary that gathers thermal power plants to later offer its shares on the stock exchange.
This information was released by XP Investimentos through a report sent to clients yesterday, Tuesday (06/08), after a meeting with executives from the oil company, which was also attended by Petrobras CEO, Roberto Castello Branco.
The Refineries
Petrobras’ portfolio of thermal power plants has an installed capacity of over 6,000 megawatts, making the company one of the largest energy generators in Brazil.
The state-owned company’s divestment program has not yet sold the entirety of its stake in its refineries; only TermoBahia had its half of the control sold to the French Total.
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Another possibility being studied by the oil company is the creation of a company focused on transporting oil and gas assets, along with oil companies operating in the pre-salt layer.
The directors of Petrobras mentioned the possible creation of a transportation (midstream) company in a consortium model, and soon after, the company’s stake could be sold, launching shares on the stock market (IPO).
Aligned with its divestment program, Petrobras signed an agreement with CADE for the sale of companies in the gas transportation and distribution sector in Brazil and eight of its refineries by 2021.
In addition to this, Petrobras plans to reduce natural gas costs through incentives for competition by opening up the market.
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