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PRUMO SIGNS AGREEMENT WITH SIEMENS AND BP FOR SALE OF PARTICIPATION IN NATURAL GAS AÇU

June 27, 2017

Prumo announced two important deals with Siemens and BP for the sale of a stake in its wholly owned subsidiary Gás Natural Açu (GNA). In the case of the agreement signed with the German company, the agreement provides for exclusive negotiations and preliminary non-binding conditions for the acquisition of 33% of GNA’s capital by Siemens. The agreement also regulates the acquisition of 33%, also by Siemens, of the LNG import terminal and the GNA I thermoelectric plant, which will develop the first thermoelectric plant in Açu Gás Hub.

Regarding BP, the agreement also provides for exclusive negotiations and preliminary and non-binding conditions for the sale of 30% of the capital of GNA, the holding company of GNA Infraestrutura, a subsidiary still to be incorporated. After its incorporation, GNA Infraestrutura will be responsible for the development of Açu Gas Hub infrastructure projects, such as a LNG import terminal, gas-fired thermoelectric plants, natural gas processing unit facility and other related infrastructures. The commitment term with BP also provides for the negotiation of a 50% acquisition in another company to be incorporated, which will be responsible for the purchase and sale of energy.

Finally, the agreement determines that BP will undertake to provide LNG for commercial operations of the GNA 1 thermoelectric plant; While Siemens will be the exclusive supplier of power generation and transmission equipment and long-term services to the plant.

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