For BRL 34,2 million, Petrobras sold its 51% stake in Sociedade Eólica Mangue Seco 2, located in the state of Rio Grande do Norte (RN)
Petrobras sold to the Mangue Seco Participações fund, which belongs to the Fundo de Investimento em Participações Multiestratégia Pirineus, a 51% stake in Eólica Mangue Seco 2 for R$34,2 million. The complex, located in Guamaré, in Rio Grande do Norte, has a total installed capacity of 26 MW and is part of the four wind farms located in the region. Now, Mangue Seco Participações owns 100% of the wind farm Mangue Seco 2. See also: A subsidiary of Petrobras, Transpetro signed a contract with Propav to carry out services. 300 jobs will be created during the works
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The sale of Petrobras' stake in the wind complex
Petrobras informed that the transaction for the sale of Eólica Mangue Seco 2 was completed for R$34,2 million and the adjustments stipulated in the share purchase and sale agreement were paid. This deal is in line with the strategy of optimizing the investment portfolio and improving the company's capital allocation, aiming to bring maximum value to shareholders.
During the divestment process, Petrobras must really leave Rio Grande do Norte (RN), since, in a note in August 2020, Petrobras informed that in addition to the logistics and oil structure, it would also give up its exploration areas onshore.
The Wind Complex in Rio Grande do Norte
The three parks already sold are part of a complex of four developments – Mangue Seco 1, Mangue Seco 2, Mangue Seco 3 and Mangue Seco 4, located in Guamaré, in the state of Rio Grande do Norte. They have a total installed capacity of 104 MW. Eólica Mangue Seco 2 owns and operates a wind farm with a capacity of 26 MW.
About the company that acquired stakes in the state-owned company
FIP Pirineus was formed on September 25, 2015 and aims to participate in companies in the renewable energy sector, including complex wind, photovoltaic solar and development of disruptive technology. FIP Pirineus acts proactively in its invested companies, with effective influence in the definition of its strategic policy and in its management. With the purchase of Petrobras' stake, the fund will hold 100% of the share capital of Eólica Mangue Seco 2, in Rio Grande do Norte (RN).
Read also Petrobras may earn BRL 8 billion with the sale of its stake in BR Distribuidora later this year
Petrobras has plans to sell its entire stake in its former subsidiary BR Distribuidora later this year, 2021. If the operation is carried out, the state-owned company could earn more than R$ 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.
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 make the sale later this year within the necessary rites.
