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In This New Round, Petrobras Requested That All Participants Who Submitted Binding Proposals, Including The Mubadala Group, Submit Their Final Offers
Petrobras informed in a relevant fact last night that it has completed the negotiation phase with the Mubadala Group within the process for divestment of the Landulpho Alves Refinery (RLAM) in Bahia. As provided for in 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 requested that all participants who submitted binding proposals, including the Mubadala Group, submit 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 requested that all participants who submitted binding proposals, including the Mubadala Group, submit their final offers based on the negotiated versions of the contracts with Mubadala. Petrobras expects to receive these offers in January 2021.
Petrobras reaffirms its commitment to the wide transparency of its divestment projects and the management of its portfolio and clarifies that, despite this notice, there is no provision in the Divestment System for the disclosure of this stage and that subsequent stages will be disclosed to the market promptly in accordance with the company’s Divestment System.
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