Petrobras On Binding Phase Of Assets In Colombia

(Petrobras, 12.Jun.2020) — Petrobras, following up on the press release disclosed on 21 May 2020, announces the beginning of the binding phase related to the sale of 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO).

Qualified parties for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and submission of binding proposals. 

This disclosure is in accordance with Petrobras’ divestment guidelines and the special regime of assets divestment by federal mixed-capital companies, provided for in Decree 9,188/2017.

This operation is in line with the strategy of portfolio optimization and improvement of the company’s capital allocation, aiming at maximizing value for its shareholders.

About the assets in Colombia

In Colombia, Petrobras operates, through PECOCO, in the gasoline, diesel, and lubricant distribution and trading market, through a network of 124 service stations and 7 storage units, one of which is in Puente Aranda.

__________

Please follow and like us:
RSS
Follow by Email
Twitter
Visit Us
Follow Me
LinkedIn
Share
Instagram

Leave a Reply

Your email address will not be published. Required fields are marked *

RSS
Follow by Email
Twitter
Visit Us
Follow Me
LinkedIn
Share
Instagram