Petrobras Concludes the Sale of Gaspetro

Source Press Release
Company Petrobras (IFRS US$ Current)Cosan S.A. 
Tags Asset Deals, Deals, Pipelines/ tankers/ distribution
Date July 11, 2022

Petrobras, following up on the releases disclosed on 07/28/2021 and 06/22/2022, informs that it has today finalized the sale of 51% of Petrobras Gás S.A. (Gaspetro) to Compass Gás e Energia S.A. (Compass).

The transaction was concluded for R$ 2.097 billion, fully paid on this date.

This disclosure to the market is in accordance with Petrobras' internal rules and with the special regime for divestment of assets by federal mixed economy companies, provided for in Decree 9,188/2017.

This operation is aligned with the Term of Cessation Commitment (TCC) signed with CADE in July 2019 to promote competition in the natural gas sector in Brazil, as well as the company's portfolio management strategy and capital allocation improvement, aiming at value maximization and higher return to society.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd