Petrobras Sells 100% of Its Stake in Distributors in Paraguay

Written by Paulo Nogueira

Published on 08/03/2019 at 21:08

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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.

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Petrobras Sells 100% of Its Stake in Distributors in Paraguay

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

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

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