Petrobras clears way for the future sale of Transpetro

7/19/18

Petrobras has cleared a formal way to sell Transpetro’s shareholding control in the future, following a recent change in its subsidiary’s bylaws, according to information published in the newspaper Valor Econômico on Wednesday.

The revision of the status of the logistics and transportation company, approved at an extraordinary general meeting in June,

canceled an article that prevented the sale of more than 50 percent of the capital of the subsidiary.

The inclusion of Transpetro in the program of partnerships and divestments is not, however, in the priority list of the oil company, at this moment, a source told Valor.

Source: Reuters

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