Petrobras Inks Deal To Divest Mangue Seco 3 And 4

(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 12 June 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora de Recursos Ltda. as manager, a contract for the joint sale with Wobben Windpower Indústria e Comércio Ltda (Wobben) of all of its stakes (51% Wobben and 49% Petrobras) in the companies Eólica Mangue Seco 3 – Geradora e Comercializadora de Energia Elétrica S.A. and Eólica Mangue Seco 4 – Geradora e Comercializadora de Energia Elétrica S.A., which own and operate the wind power farms with the same names.

The total value of the sale related to the 49% stake of Petrobras was R$89.9mn for both companies, to be paid in two installments, being R$22.5mn paid today and R$67.4mn at the closing of the transaction, without considering the further agreed price adjustments.  

The closing of the transaction is subject to the fulfillment of precedent conditions, such as the approval by Banco do Nordeste do Brasil, the wind farm development financer, and the Administrative Council for Economic Defense (CADE).  

This disclosure is in accordance with the internal rules of Petrobras and with the special regime of divestment of assets by the federal mixed economy companies, provided in Decree 9.188/2017. 

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

 About Eólicas Mangue Seco 3 and Mangue Seco 4 

The wind parks Mangue Seco 3 and Mangue Seco 4 are part of a complex of four wind farms (Mangue Seco 1, Mangue Seco 2, Mangue Seco 3 and Mangue Seco 4) located in Guamaré, in the state of Rio Grande do Norte, with a total installed capacity of 104 MW. The companies EólicaMangue Seco 3 and Eólica Mangue Seco 4 own and operate the two wind farms, with a total capacity of 52 MW, 26 MW each. 

About Vinci Infraestrutura Gestora de Recursos Ltda.

Vinci is a limited company responsible for the management of infrastructure funds of the Vinci Partners Group, thus understood as Vinci Infraestrutura Gestora de Recursos Ltda. and its subsidiaries, which currently has over R$47bn under management. The Vinci Group was founded in 2009 and has 226 employees, including 33 partners, divided into offices in Rio de Janeiro, São Paulo, Recife and New York.

The Vinci Group has investments in various sectors of the economy, among which are the investments made in Equatorial Energia S.A. (energy), Light (energy), LEST – Linhas de Energia do Sertão Transmissora (energy), Água Vermelha Transmissora (energy), Arcoverde Transmissão de Energia (energy), Transmissora Porto Alegrense de Energia (energy), Grupo Los Grobo (agribusiness), Austral (insurance and reinsurance), Unidas (car rental), Inbrands (retail), Burger King (retail), Le Biscuit (retail), Cecrisa (ceramic tiles), Companhia Brasileira de Offshore (shipping) , Uniasselvi (higher education), Dominos Brasil (retail), Vero (telecom) and Cura (health).