Petrobras Says Sale Model For Gaspetro Not Defined

(Petrobras, 3.Feb.2020) — Petrobras, in relation to the news published in the media, concerning the sale of its 51% stake in Petrobras Gás SA (Gaspetro), clarifies that the sale model of the subsidiary is not yet defined.

Petrobras, within the scope of its active portfolio management, has already started studies for the sale of its stake in Gaspetro. However, there is still no decision by the company’s internal bodies on the sale model, which will depend on market conditions.

The sale of Gaspetro is part of the commitments assumed in the Agreement signed with the Administrative Council for Economic Defense (CADE), to promote competition in the natural gas sector in Brazil, as disclosed on July 8, 2019, and is in line with the company’s strategic positioning to completely leave gas distribution and transportation, according to its Strategic Plan 2020-2024.  

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