(Petrobras, 20.Dec.2019) — Petrobras reports that its wholly owned subsidiary Petrobras Biocombustíveis S.A. (PBio) has started the opportunity disclosure phase (teaser) related to the joint sale of all its shares in BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (BSBios).
PBio holds a 50% stake in BSBios and will sell it together with its partner, RP Biocombustíveis SA, which owns the remaining 50%, through a tender process carried out exclusively by PBio, aiming at selling 100% of BSBios shares, following PBio’s divestment systematic.
The teaser, which contains key asset information and eligibility criteria for selecting potential bidders, is available on the Petrobras website: https://www.investidorpetrobras.com.br/en/resultados-ecomunicados/teasers.
Upcoming key steps of the project will be timely informed to the market.
This disclosure complies with Petrobras’ and PBio’s divestment guidelines and the special asset divestment regime by federal mixed-capital companies, provided for in Decree 9,188/2017.
This transaction is in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at maximizing value for our shareholders.
About BSBios
BSBios owns two biodiesel plants:
i) Passo Fundo Biodiesel Plant, located in the city of Passo Fundo, in the state of Rio Grande do Sul, with a production capacity of 288,000 m³/year (expected to expand to 414,000 m³/year of biodiesel in 2020), a crushing capacity of 1,152,000 tons/year and a storage capacity of 120,000 tons of grains, 60,000 tons of bran and 7,500 m³ of biodiesel; and
ii) Marialva Biodiesel Plant, located in the city of Marialva, State of Paraná, with a production capacity of 414,000 m³/year and a storage capacity of 3,000 m³ of vegetable oil, 1,500 m³ of animal fat and 4,500 m³ of biodiesel.
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