Petrobras Starts Non-binding Phase for UEG Araucária S.A. (UEGA)

(Petrobras, 12.Jul.2022) — Petrobras, following up on the release disclosed on 3 June 2022, informs the beginning of the non-binding phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná.

Potential buyers qualified for this phase will receive a process letter containing detailed information about the company, in addition to instructions on the divestment process, including guidelines for the preparation and submission of non-binding proposals.

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

This transaction is aligned with the portfolio management strategy and the improvement of the company’s capital allocation, aiming at the maximization of value and greater return to society.

About UEGA

Usina Elétrica a Gás de Araucária UEGA is a partnership between Copel Group and Petrobras, consisting of a natural gas-fired generation plant (combined cycle, with two gas turbines and one steam turbine), located in Araucária – PR, close to the Bolivia-Brazil gas pipeline (GASBOL). It started operations in 2002 and has a total installed capacity of 484 MW.