Petrobras Sells 100% of Its Stake in Distributors in Paraguay

Written by Paulo Nogueira

Published on 08/03/2019 at 21:08

Seja o primeiro a reagir!

This Project Aims to Improve Petrobras’ Capital Allocation, Consequently Increasing Value Generation

Petrobras, continuing the Relevant Fact of 06/27/2018, announces that it has completed today (03/08/2019), through its subsidiary Petrobras International Braspetro B.V. (PIB BV), the sale of 100% of its equity stake in the companies Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras Paraguay Operaciones y Logística SRL (PPOL) and Petrobras Paraguay Gas SRL (PPG) to the Copetrol Group, through its subsidiary Paraguay Energy.

The transaction was concluded with the payment of US$ 331.5 million made by Paraguay Energy to PIB BV, after the fulfillment of all precedent conditions, in addition to the US$ 49.3 million that had already been paid on the contract signing date, resulting in a cash inflow of US$ 380.8 million.

ARTICLE CONTINUES BELOW

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

The sold companies operate in Paraguay in the distribution and marketing market of fuels, LPG, lubricants, and other special products, through a network of 201 service stations, in addition to a proprietary storage terminal and operations at three airports.

The agreement also provides for the licensing for the use of the brand Petrobras by the company Nextar (successor of Petrobras Paraguay Operaciones y Logística SRL), exclusively, at the service stations in that country, for an initial period of five years.

This project helps to improve the company’s capital allocation, consequently increasing value generation.

Petrobras Sells 100% of Its Stake in Distributors in Paraguay

This Project Aims to Improve Petrobras’ Capital Allocation, Consequently Increasing Value Generation

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

In just three hours, a natural stone floor transforms the entrance of the house with an organic effect, immediate drainage, and a sophisticated non-slip finish that doesn’t puddle water, dries quickly, and impresses with the final result.

Future profession with immediate earnings: Specialist reveals how a solar energy technician earns R$ 8,000 per month by taking advantage of the explosion in demand across the entire country.

The Perseverance rover’s radar reveals a river buried 35 meters beneath Mars, pushing the presence of liquid water back to 4.2 billion years and increasing the chances of signs of life on the planet.

Explorers find Roman treasure trapped between rocks on the seabed for nearly 1,600 years and reveal a desperate attempt to hide 53 gold coins during the invasions of the Empire.

While Russia dominates the global wheat market, Brazil emerges as an unexpected competitor in the Cerrado, offering grain available in July and August when stocks in the Northern Hemisphere are at their lowest point of the year.