Petrobras begins non-binding stage in Petrobras Biocombustível SA sale process
Petróleo Brasileiro S.A. – Petrobras begins the non-binding phase regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO).
Qualified parties for the phase will receive a process letter with detailed information about the aforementioned company, as well as instructions on the divestment process, including guidelines for preparing and submitting non-binding proposals.
The transaction is in line with the portfolio optimization and the improvement of Petrobras’ capital allocation, aiming at maximizing value for its shareholders.
Country updates
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August 03, 2020
Petrobras divests stake in Brazilian biofuels firm
Petróleo Brasileiro S.A. – Petrobras, through its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO), has signed an agreement for the sale of its 8.40% stake in the compa...
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July 31, 2020
AES signs agreement to acquire minority stake in AES Tietê
AES Corporation, through its wholly-owned subsidiary AES Holdings Brazil Ltda, has agreed to acquire an 18.5% economic interest in AES Tietê S.A from BNDES Participações S.A.'s (BN...
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July 27, 2020
Grupo Moura buys power from Casa dos Ventos' 504 MW Rio do Vento wind project in Rio Grande de do Norte
Grupo Moura has signed a PPA contract with Casa dos Ventos' 504 MW Rio do Vento wind complex located in Rio Grande de do Norte. Casa dos Ventos will supply to Grupo Moura's operations across the Sout...
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July 24, 2020
Trident Energy concludes acquisition of 10 oil and gas fields in Campos Basin
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