(Petrobras, 12.Dec.2023) — Petrobras‘ Board of Directors, in a meeting held on 11 Dec. 2023, approved a judicial settlement regarding the collection of differences in monetary correction and interest on Eletrobras‘ Compulsory Loan.
Conditional on judicial approval, the agreement provides for the payment to Petrobras of R$1.2bn within 5 working days of the final and unappealable decision recognizing the self-composition, which will have a positive effect on the company’s consolidated results.
This agreement puts an end to the lawsuit filed in 2010, reducing litigation costs and optimizing Petrobras’ resources.
More detailed information on this topic can be found in note 18.6 of Petrobras’ 4Q22 Financial Statements.
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