Petrobras Could Make R$ 8 Billion From Sale Of Stake In BR Distribuidora This Year

Written by Roberta Souza

Published on 21/05/2021 at 18:16

Logo da Petrobras/ Fonte: Yahoo Finanças

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Petrobras Plans to Sell Its Stake in BR Distribuidora. This Divestment Is Considered One of the Largest for This Year

Petrobras plans to sell its entire stake in its former subsidiary BR Distribuidora within this year of 2021. If the operation is completed, the state company could earn more than R$ 8 billion, three sources with knowledge of the matter told Reuters. This divestment in BR Distribuidora has the potential to be one of the largest of the year. See also: President of Petrobras and Mayor of Macaé Meet to Discuss Job Creation and Investments in Ports, Construction of Thermoelectric Plants and Expansion of the Airport in the City

Sale of Petrobras’ Stakes in BR Distribuidora

At Petrobras, ongoing discussions indicate a favorable position for a full sale of the 37.5% stake in the largest fuel distributor in Brazil, confirming what the new president of the state company is aligning with divestments, according to sources who spoke on condition of anonymity to Reuters.

BR Distribuidora is already aware of Petrobras’ interest in selling its stakes, with contacts between Luna and the distributor’s president Wilson Ferreira Jr. One source mentioned that the intention is to proceed this year within the necessary protocols.

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State Company Revenue from Selling Its Stake in BR Distribuidora

Some ongoing technical analyses will support the board regarding the sale of the stake in BR Distribuidora, according to sources, stating that initial estimates suggest that Petrobras could earn at least around R$ 8 billion from the total sale of its shares in its former subsidiary.

When asked about when the negotiation could be concluded, both companies stated that the intention is for the sale to be finalized within this year.

Petrobras Could Make R$ 8 Billion From Sale Of Stake In BR Distribuidora This Year

Petrobras Plans to Sell Its Stake in BR Distribuidora. This Divestment Is Considered One of the Largest for This Year

Sale of Petrobras’ Stakes in BR Distribuidora

State Company Revenue from Selling Its Stake in BR Distribuidora

See Also: Petrobras Biocombustível Workers Go on Strike Yesterday (20) After Failing to Reach an Agreement with the State Company

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Petrobras Could Make R$ 8 Billion From Sale Of Stake In BR Distribuidora This Year

Petrobras Plans to Sell Its Stake in BR Distribuidora. This Divestment Is Considered One of the Largest for This Year

Sale of Petrobras’ Stakes in BR Distribuidora

State Company Revenue from Selling Its Stake in BR Distribuidora

See Also: Petrobras Biocombustível Workers Go on Strike Yesterday (20) After Failing to Reach an Agreement with the State Company

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With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

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