Petrobras Divestment in the Fertilizer Sector: Granting for exclusive negotiation

Rio de Janeiro, May 9, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 12/19/2017, informs the beginning of negotiations with Acron, with exclusivity for a period of 90 days, related to the sale of its total stake in Araucária Nitrogenados SA (Ansa) and the sale of its Nitrogen Fertilizer Unit III (“UFN-III”).

Acron is a Russian company focused on the production and distribution of fertilizers, with sales in more than 60 countries. In 2017, sales volume reached more than 7.3 million tons, with consolidated revenues of US$ 1.6 billion and EBITDA of US$ 511 million, according to its International Financial Reporting Standards (IFRS) results. Acron is a publicly-held corporation with shares listed on the Moscow and London Stock Exchange.

This disclosure to the market is pursuant to Petrobras’ Divestment Program and aligned with the special regime for assets divestment by federal mixed-capital companies, provided for in Decree 9.188/2017.

Leave a Reply

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