Petrobras Initiated the Binding Phase of the Sale Process of Its Remaining 10% Stake in Nova Transportadora do Sudeste (NTS)
Petrobras informed in a material fact last Friday (03/07) that continuing the announcement made on May 15, 2020, it announces the start of the binding phase regarding the sale of its remaining 10% stake in Nova Transportadora do Sudeste S.A. (NTS). Petrobras withdraws from the offshore wind project in Rio Grande do Norte.
Also Read
- Smartcoat’s Human Resources in Macaé Receives Resumes for Onshore Activities in the Electrician Maintenance Role
- Government Prepares 4 Major Privatizations for the Next 3 Months
- FIRJAN – To Revive the Oil and Gas Sector, It Is Necessary to Simplify the Rules
- Construction in São João da Barra Demands Openings for Assistant, Boilermaker, Painter, Plumber, Electrician, Mechanic, Scaffold Installer, and More Professionals
The state-owned company said that potential buyers classified for the phase will receive an invitation letter with instructions about the divestment process, including guidelines for “due diligence” and submission of binding offers.
-
Petrobras evaluates suspension of sales to distributors and considers canceling the cooking gas auction following guidelines from the Federal Government.
-
Lula reveals a masterstroke by Petrobras to undo a deal made by Bolsonaro, which involves the return of an important refinery that currently produces less than half of what was expected and makes Brazil dependent on international diesel.
-
A study confirms that the natural gas sector will reduce greenhouse gas emissions in Brazil by 0.5% and accelerate the energy transition by 2026.
-
Petrobras implements a severe adjustment and confirms a 55% increase in the price of aviation kerosene with a proposal for installment payments for the companies.
In addition to the 10% stake held by Petrobras, NTS’s other partners are Brookfield Brasil, with 82.35% through the Nova Infraestrutura fund, and Itaúsa, with 7.65%.
The oil company stated that the operation is aligned with portfolio optimization and better capital allocation. Petrobras has been driving divestments lately with the aim of reducing its debt and focusing on oil production and exploration in deep and ultra-deep waters.
The company had begun the process of selling the 10% stake in NTS at the end of March. In 2017, the state-owned company sold 90% of its stake in the transporter for over 5 billion dollars.
NTS is a natural gas transporter with pipelines in São Paulo, Minas Gerais, and Rio de Janeiro and connections to a number of facilities, including the Brazil-Bolivia gas pipeline and TAG, according to Petrobras. The transportation capacity is 158.2 million cubic meters per day.
The other partners of NTS are the Nova Infraestrutura Investment Fund, an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda, with an 82.35% equity stake, and Itaúsa with a 7.65% equity stake.

Seja o primeiro a reagir!