Petrobras On Inking PSA For RLAM

(Petrobras, 11.Feb.2021) — Petrobras, regarding a piece of news published on the media about the sale of the refineries, clarifies that the dates for the signing of the purchase and sale agreement and for their effective transfer to the buyers (respectively signing and closing) are merely internal estimates subject to non-negligible risks of change, since they depend on many variables and can change according to the timeline of each project and the evolution of the negotiations. 

It is worth clarifying that the signing of the purchase and sale agreement for RLAM (Landulpho Alves Refinery), in Bahia, as well as for all the refineries, is subject to the approval of Petrobras’ Board of Directors. As for the closing of the transactions, it is worth noting that their conclusion also depends on external approvals such as of the Administrative Council for Economic Defense (CADE) and other regulatory bodies, as may be required.

Petrobras reaffirms its commitment to a broad transparency of its divestment projects and portfolio management and reinforces that the main stages of divestments are disclosed to the market in accordance with its Divestment Guidelines, validated by the Federal Court of Accounts (TCU), which is based on Decree 9,188/17, and that these rules do not require the disclosure of internal schedules.

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