(Petrobras, 10.Mar.2017) – Petrobras understands that the content disclosed to the market on the Strategic Alliance with Total on 10/24/2016, 12/21/2016 and 3/1/2017, includes the relevant information about this partnership, informing the values that refer to the purchase and sale contracts that were signed between the two companies and to the credit line negotiated. It should be noted that the contracts signed were based on internal and external economic-financial assessments, as well as fairness opinion issued by independent institutions.
In relation to the internal memo disclosed exclusively to the workforce, Petrobras considered that its content is not a matter of relevant information that could impact an investor’s decision in respect to the Company’s securities, since the main partnership elements were already included in the releases disclosed to the market.
It is important to note that the potential additional gains mentioned in the internal memo depends on synergy gains from the technological cooperation in the future, involving research components, exchange of knowledge and expertise, which may or may not materialize, so that they did not present sufficient certainty to be disclosed to the market, due to the preliminary level of discussions in progress and the low maturity of their estimates.
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