English 
Spanish 
3 min read
0 comments
Petrobras (PETR4) announced progress in negotiations for the sale of 18,8% of its stake in UEGA (Araucária Gas Power Plant), a partnership it maintains with
According to Petrobras, potential buyers classified for this phase will receive an invitation letter with instructions on the divestment process. The company is proceeding with the sale of 18,8% of its stake in UEGA, a company it maintains with copel. This partnership is made up of Copel, which holds another 20,3%, and Copel Geração e Transmissão SA, which holds 60,9% of the electricity company. Petrobras had already informed last month that it would continue with its divestments.
The sale of this asset is aligned with the decarbonization process of the Copel group's generation matrix and follows the company's Strategic Business Planning, called Vision 2030. This measure strengthens the pillars for the longevity and sustainable growth of the business, according to the company.
Potential buyers highlighted by Petrobras
In the statement, Petrobras highlights that potential buyers classified for this phase will receive an invitation letter with instructions on the divestment process. This letter will include guidelines for carrying out due diligence and sending binding proposals. The company highlights that this disclosure is in accordance with its internal rules and with the special regime for asset divestment by federal mixed capital companies, provided for in Decree 9.188/2017.
- The rebirth of railways in Brazil: R$100 billion to revolutionize national transport!
- Prepare your wallet: fuel prices will rise
- Brazil is run over economically! The South American country, often forgotten, is the one that will grow the most economically; see which one
- Lower taxes in Brazil! Minister says Lula government will reduce taxes to curb rising food prices
UEGA, the object of this sale, is a natural gas thermoelectric plant located in Araucária, Paraná, close to the Bolivia-Brazil gas pipeline (GASBOL). This plant came into operation in 2002 and has a total installed capacity of 484 MW.
The sale of this stake is an opportunity for Petrobras to reduce its portfolio and direct its resources to strategic areas, such as exploration and production of oil. Furthermore, this measure is also part of a divestment movement by the company, which seeks to focus on its main activities and reduce its debt.
Copel and its strategy for the coming years
Copel, in turn, sees this opportunity as a way to strengthen its process of decarbonizing the generation matrix, aligning itself with its Strategic Business Planning for the coming years. This measure contributes to the longevity and sustainable growth of the company's business, which increasingly seeks clean and renewable energy sources.
This sale can also bring benefits to the electric sector as a whole, since the entry of new investors into UEGA can bring innovation and improvements to the plant, in addition to strengthening the country's energy security. The diversification of the electricity sector is essential to guarantee a sustainable and efficient energy supply.
In short, Petrobras is continuing the process of divestment of its stake in UEGA, a partnership it maintains with Copel. This sale is aligned with the decarbonization process of the Copel group's generation matrix and is part of the company's Strategic Business Planning. Potential buyers will receive an invitation letter with instructions on the divestment process, including guidance on carrying out due diligence and submitting binding proposals. UEGA is a natural gas thermoelectric plant located in Araucária, Paraná, and this sale could bring benefits to both Petrobras and the electricity sector as a whole.
