Petrobras Discloses Teaser For Uruguayan Assets

(Petrobras, 12.Nov.2019) — Petrobras started the opportunity disclosure stage (teaser) relating to the sale of its fuel, lubricant and fertilizer distribution business in Uruguay.

In this project, the company aims to sell 100% of the shares held by Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI) – a subsidiary of Petrobras – in Petrobras Uruguay Distribuición S.A. (PUDSA), a company that operates in the distribution industry in the country. 

The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website: https://investidorpetrobras.com.br/en/resultados-e-comunicados/teasers.

Upcoming key phases of the project will be timely disclosed to the market.

This transaction is aligned with the company’s portfolio optimization and capital allocation improvement, aiming at generating value for our shareholders.

This disclosure is in line with the Petrobras’ Divestment Methodology. 

About the assets in Uruguay

In Uruguay, Petrobras operates, through PUDSA, in the fuel and lubricant distribution market, with an asset portfolio that includes a network of 90 service stations, 16 convenience stores, a lubricant logistics terminal, and a jet fuel plant, being the second largest fuel distributor in the country.

It also operates in the distribution of liquid fertilizers through two logistics storage terminals, being the largest distributor in the country. Regarding the logistics, it also has multiple delivery points located in the main public seaports of the country. 

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