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In this new round, Petrobras asked all participants who submitted binding proposals, including the Mubadala Group, to present their final offers
Petrobras announced in a material fact last night that it concluded the negotiation phase with the Mubadala Group within the scope of the process for divestment of the Landulpho Alves Refinery (RLAM), in Bahia. As provided for in the Petrobras Divestment System, the process is currently in the phase of a new round of binding proposals.
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In this new round, Petrobras asked all participants who submitted binding proposals, including the Mubadala Group, to present their final offers based on the negotiated versions of the contracts with Mubadala.
The state-owned company expects to receive these offers in January 2021.
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Regarding the Northeast Lubricants and Derivatives Refinery (LUBNOR) and the Shale Industrialization Unit (SIX), the company informs that it has also received proposals for both assets.
In this new round, Petrobras asked all participants who submitted binding proposals, including the Mubadala Group, to present their final offers based on the negotiated versions of the contracts with Mubadala. Petrobras expects to receive these offers in January 2021.
Petrobras reinforces its commitment to the broad transparency of its divestment projects and portfolio management and clarifies that, despite this announcement, there is no provision in the Disinvestment System for disclosure of this stage and that subsequent stages will be disclosed to the market in due course in accordance with the Company's Divestment System.
