Petrobras concludes the sale of Eólica Mangue Seco 2

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on February 26, 2021, informs that today it has concluded the sale of the totality of its 51% interest in Eólica Mangue Seco 2 – Geradora e Comercializadora de Energia Elétrica S.A. (Eólica Mangue Seco 2) to Mangue Seco Participações S.A., invested by Fundo de Investimento em Participações Multiestratégia Pirineus (FIP Pirineus), current partner with 49% of the equity.

After the fulfillment of all the preceding conditions, the operation was concluded with the payment on this date of R$ 34.2 million to Petrobras, already with the adjustments provided for in the stock purchase and sale agreement.

This disclosure is in accordance with Petrobras’ internal rules and with the special regime for divestment of assets by federal mixed economy companies, provided for in Decree 9,188/2017.

This operation is aligned to the strategy of portfolio optimization and the improvement of the company’s capital allocation, aiming the maximization of value for its shareholders.

About Eólica Mangue Seco 2

Eólica Mangue Seco 2 is part of a complex of four wind farms (Mangue Seco 1, Mangue Seco 2, Mangue Seco 3 and Mangue Seco 4) located in Guamaré, in the state of Rio Grande do Norte, with a total installed capacity of 104 MW. Eólica Mangue Seco 2 owns and operates a wind farm with 26 MW capacity. 

About FIP Pirineus

FIP Pirineus was established on September 25, 2015 and aims to invest in companies in the renewable energy sector, including wind and solar photovoltaic complexes and development of disruptive technology. FIP Pirineus acts proactively in its investee companies, with effective influence on the definition of their strategic policy and management. With the sale, the fund now holds 100% of the equity of Eólica Mangue Seco 2.

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