(Petrobras, 21.Jul.2015) – Regarding reports in the press about an Initial Public Offering (IPO) for BR Distribuidora S.A., Petrobras clarifies that, as announced on 1.Jul.2015, the Executive Board authorized a study to be prepared analyzing strategic alternatives for its wholly-owned subsidiary Petrobras Distribuidora.
Among the possibilities to be explored, is attracting a strategic partner and a public offering, making this a subsidiary a listed company in a special segment of the BM&FBovespa stock market called Novo Mercado – New Market and is in compliance with the best corporate governance practices.
If this offering takes place, it will be through a secondary public offering of shares and all the acts needed for the offering are subject to the approval of Petrobras and Petrobras Distribuidora S.A. internal bodies, as well as the analysis and approval of their respective regulatory entities, supervisors and authorities, according to applicable law.
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