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Petrobras has plans to sell a stake in BR Distribuidora. This divestment is quoted as one of the largest for this year
Petrobras has plans to sell all of its stake in its former subsidiary BR Distribuidora later this year, 2021. If the operation is carried out, the state-owned company could earn more than R$ 8 billion, three sources with knowledge of the matter told Reuters. This disinvestment in BR Distribuidora has the potential to be one of the biggest 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
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Sale of Petrobras' stakes in BR Distribuidora
At Petrobras, ongoing discussions point to 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-owned company is aligning with divestments, according to the sources who informed the condition. of anonymity to Reuters.
BR Distribuidora is already aware of the interest in selling Petrobras' stakes, with contacts between Luna and the president of the distributor Wilson Ferreira Jr. One of the sources said that the intention is to do it later this year within the necessary rites.
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A second source informed that Petrobras wants to sell everything and numerical studies were commissioned with scenarios to make the best decision. Related people said that a meeting to discuss the sale of Petrobras shares in BR Distribuidora should take place over the next few weeks.
State revenues from the sale of the stake in BR Distribuidora
Some technical analyzes in progress will be supported by the board for the sale of the stake in BR Distribuidora, according to sources, saying that initial estimates indicate that Petrobras could earn at least around R$ 8 billion with the total sale of the shares in its former subsidiary.
Questioned about when the negotiation could be completed, both companies reported that the intention is for the sale to be finalized later this year.
See also: Petrobras Biocombustível workers go on strike yesterday (20) after failing to reach an agreement with the state-owned company
After failing to reach an agreement, workers at Petrobras Biocombustível (PBio) went on strike for an indefinite period, starting at 7am yesterday, Thursday (20/05). Such a move is a response to the intolerance of Petrobras' management, which refused to negotiate the maintenance of jobs for the subsidiary's oil workers, which is in the final process of being privatized.
Petrobras Biocombustível workers demand transfer to other Petrobras units. However, the state-owned company uses the PBio sales model as a legal impossibility to meet the claim of the FUP - Single Federation of Petroleum Workers and affiliated unions.
According to FUP, the Petrobras Biocombustível strike will paralyze activities in Candeias, Bahia and Montes Claros, in Minas Gerais, outside the headquarters of the subsidiary, which has paralyzed activities, located in Rio de Janeiro. The Quixadá plant, in the state of Ceará, which was also put up for sale, like the other units, has been deactivated for over four years.
