Petrobras Starts Non-binding Phase Of BSBios Sale

(Petrobras, 23.Jan.2020) — Petrobras, following up on the release disclosed on 20 December 2019, informs the beginning of the non-binding phase related to the sale of all shares of BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (BSBios) by its wholly-owned subsidiary Petrobras Biocombustíveis S.A. (PBio).

Potential buyers qualified for this phase will receive a descriptive memorandum with more detailed information about the aforementioned company, as well as instructions on the divestment process, including guidelines for preparing and submitting non-binding proposals.

This disclosure is in accordance with the guidelines for the divestiture of Petrobras and PBio and with the special regime for the divestiture of assets 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.

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 competitive process carried out exclusively by PBio. 

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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