Petrobras informs that it signed a contract for the purchase of Edison S.p.A.’s interest (50%) in Ibiritermo S.A., for the price of R$ 1.00, in compliance with the Energy Conversion Contract (ECC), signed on 06/21/2002 with Ibiritermo S.A..
Additionally, at the conclusion of the transaction, Petrobras will make the payment of compensation for part of the capital in the amount of R$ 2.500.000,00 (two million and five hundred thousand reais) to Edison S.p.A., as provided for in the share purchase agreement, and the ECC will be closed, with the transfer of the Usina Termelétrica Ibirité (UTE Ibirité) to Petrobras, the only asset of Ibiritermo S.A., which since the execution of the ECC has been operated by Petrobras.
Petrobras already holds a 50% stake in Ibiritermo S.A. and, after the transaction is concluded, the company will hold 100% of Ibiritermo S.A.’s shares and exclusive ownership of UTE Ibirité.
The conclusion of the transaction is subject to precedent conditions, such as approval by the Administrative Council for Economic Defense (CADE).
After the conclusion of the transaction, Petrobras will adopt the necessary measures to start the liquidation of Ibiritermo S.A., starting to operate UTE Ibirité as an integrated asset to its thermal power plants portfolio, without an associated corporate structure.
