Public offering of Petrobras Distribuidora (BR) Shares

Rio de Janeiro, September 28, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 7/11/2017, reports that its Board of Directors (BD) authorized, in a meeting held yesterday, the filing of a formal request for registration of an initial public offering and  for registration of Petrobras Distribuidora S.A. (BR) as a publicly-held company with the CVM – Brazilian Securities and Exchange Commission, and a request to join the New Market, B3’s corporate governance highest level.

The BD also approved the disposal of 25% to 40% of the equity stake held by the company in BR, within the scope of the offering to be carried out in Brazil.

All acts required for the holding of the offering will be subject to the approval by Petrobras and BR internal offices, as well as to the review and approval by the respective regulatory agencies, in compliance with the applicable legislation.

This Material Fact should not be regarded as an offering announcement and said offering will depend on favorable conditions in the domestic and international capital markets.

Facts deemed relevant on this issue will be timely communicated to the market.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by

Up ↑

%d bloggers like this: