Petrobras Closes BR’s Public Offering For $9.6 Billion

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(Petrobras, 29.Jul.2019) — Petrobras announces the closing, on this date, of the secondary public offering of 393,187,500 common shares issued by Petrobras Distribuidora S.A (“BR”) and held by Petrobras (“Shares” and “Offer”), in the total amount of R$ 9,633,093,750.00.

The value of the Offer already includes the full exercise of 43,687,500 shares of the overallotment option (“Greenshoe Option”), pursuant to article 24 of ICVM 400, settled on this date. With the conclusion of the transaction, Petrobras’ equity interest in BR’s capital stock was reduced to 37.50%

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