Petrobras Sells 100% of Its Stake in Distributors in Paraguay

Written by Paulo Nogueira

Published on 08/03/2019 at 21:08

Be the first to react!

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

Petrobras Sells 100% of Its Stake in Distributors in Paraguay

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

New technology may retire the common bathroom fixture: smart shower turns on by voice, heats up before the shower, adjusts temperature via mobile phone, and transforms the shower stall into a digital system inspired by a connected home.

After closing a factory in Argentina, Whirlpool will open 200 job positions at a Brazilian unit and aims to accelerate industrial restructuring with new investments, logistical expansion, and a focus on national production of home appliances to meet high demand in the South American market.

New CNH rule allows the use of a private car in the exam, but insurers raise an alert about coverage in case of an accident

Brazil joins a 5-year international mega project to combat plastic pollution on the coast with scientific monitoring, new environmental policies, and integrated actions that promise to reduce waste in strategic coastal cities of the country.

Workers were digging to build a railway in northern Mexico and found beneath their feet a 1,200-year-old village with underground houses, ancient burials, and rock engravings.

Petrobras Sells 100% of Its Stake in Distributors in Paraguay

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

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Taller than the Statue of Liberty, thousands of wind turbines are being planted in the middle of U.S. fields, creating two-story farms where corn and soybeans grow below while the wind turns into electricity above.

Volkswagen trucks hit the track in a comparison between the Meteor 29.530, designed for operations up to 74 tons, and the Constellation 20.480, which relies on 480 horsepower for those seeking robustness in a 4×2 tractor unit.

New technology may retire the common bathroom fixture: smart shower turns on by voice, heats up before the shower, adjusts temperature via mobile phone, and transforms the shower stall into a digital system inspired by a connected home.

After closing a factory in Argentina, Whirlpool will open 200 job positions at a Brazilian unit and aims to accelerate industrial restructuring with new investments, logistical expansion, and a focus on national production of home appliances to meet high demand in the South American market.

New CNH rule allows the use of a private car in the exam, but insurers raise an alert about coverage in case of an accident

Brazil joins a 5-year international mega project to combat plastic pollution on the coast with scientific monitoring, new environmental policies, and integrated actions that promise to reduce waste in strategic coastal cities of the country.

Workers were digging to build a railway in northern Mexico and found beneath their feet a 1,200-year-old village with underground houses, ancient burials, and rock engravings.