Home Offshore Energy Petrobras on sale of stake in electric power sector company

Petrobras on sale of stake in electric power sector company

Petrobras, following up on the release disclosed on 07/12/2022, informs that its Executive Board approved adjustments to the competitive process for the sale of all of its 18.80% stake in UEG Araucária S.A. , with the end of the current phase and the restart of the process.

In this process, Petrobras will sell its stake in UEGA, equivalent to 18.80% of the capital, together with its partners, Companhia Paranaense de Energia – COPEL and COPEL Geração e Transmissão S.A., which hold, respectively, 20.3% and 60.9% of the capital, totaling the sale of 100% of UEGA shares.

The teaser, which contains key information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras site: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers.

The main subsequent stages of the project will be reported to the market in due course.

This disclosure 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.

his operation is in line with the company’s strategy of portfolio optimization and capital allocation improvement, aiming at value maximization and greater return to society.

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