August 26, 2020
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, today, the proposal to sell its remaining 37.5% stake in the capital stock of Petrobras Distribuidora S.A. (BR), by means of a secondary public offering (follow-on).
The moment of launching the offer will be defined later, and is subject, among others, to the market conditions, to the approval of Petrobras’ internal bodies, notably regarding price, and to the analysis of the Brazilian Securities and Exchange Commission (CVM) and other regulatory and self-regulatory bodies, under the terms of the applicable legislation.
This disclosure is for informational purposes only, in accordance with applicable laws and regulations and should not be considered as an offer announcement in Brazil, the United States or any other jurisdiction.
This transaction is aligned with the optimization of the portfolio and the improvement of the company’s capital allocation, aiming at generating value for its shareholders.