Uncategorized

Petrobras – Favorable legal decisions

Rio de Janeiro, June 8, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on March 9, 2017, reports that yesterday, the Full Bench of the Federal Regional Court for the 5th Region, in ruling on an appeal filed by the plaintiff, upheld the suspension of the injunction order to interrupt the sale of 90% of Petrobras stake in Nova Transportadora do Sudeste (“NTS”).

Petrobras further reports that in another lawsuit, related to the Fertilizer Unit UFN III of Três Lagoas (“UFN III”), pursuant to the ruling by the judge of the 1st Federal Court of Três Lagoas/MS, dated of June 5, 2017, the public civil action proposed by the Federal Prosecutor’s Office to resume implementation works for this unit and to prohibit the sale of this asset by Petrobras has been suspended until September 11, 2017. Likewise, the decision ordering Petrobras to refrain from negotiating or selling said venture has been repealed.

Categories: Uncategorized

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