Petrobras on Divestment of UEG Araucária S.A. Stake

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(Petrobras, 22.Dec.2022) — Petrobras, following up on the release disclosed on 12 July 2022, informs that its Executive Board approved adjustments to the competitive process for the sale of all of its 18.80% stake in UEG Araucária S.A. (UEGA), with the end of the current phase and the restart of the process.

In this process, Petrobras will sell its stake in UEGA, equivalent to 18.80% of the capital, together with its partners, Companhia Paranaense de Energia – COPEL and COPEL Geração e Transmissão S.A., which hold, respectively, 20.3% and 60.9% of the capital, totaling the sale of 100% of UEGA shares.

The teaser, which contains key information about the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras site:

The main subsequent stages of the project will be reported to the market in due course.

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

his operation is in line with the company’s strategy of portfolio optimization and capital allocation improvement, aiming at value maximization and greater return to society.

About UEGA

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.


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