Rio de Janeiro, May 6, 2019 – Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure stage (Teaser), related to the sale of its 34% stake in Compañia MEGA SA (“MEGA”), through its wholly-owned subsidiary Petrobras International Braspetro B.V. (“PIB BV”). The other shareholders are Repsol YPF with 38% and Dow Chemical with 28%.
MEGA is an Argentinean company that processes natural gas and fractionates its liquids (ethane, propane, butane and natural gasoline). It has a natural gas processing plant with capacity to process more than 40 million m³/day and a natural gas liquid fractionation plant with a capacity to fractionate up to 5 million m³/day.
The Teaser, which contains key information on the opportunity, as well as the eligibility criteria for the selection of potential participants, is available at Petrobras website: http://www.petrobras.com.br/ir.
Upcoming key steps of the project will be disclosed to the market in a timely manner.
This transaction is in line with the company’s portfolio optimization and capital allocation improvement, aiming value generation to shareholders.
This disclosure is in accordance with Petrobras Divestment Methodology.