Petrobras on stake in BR Distribuidora

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 26, 2020, informs that it sent today to Petrobras Distribuidora S.A. (BR) a letter requesting cooperation to implement the secondary public offering (follow on) for the sale of its remaining 37.50% interest in the capital stock of that company whose execution will be subject, among other factors, to market conditions, the approval of Petrobras’ internal bodies, notably as to price, and the analysis of the Brazilian Securities and Exchange Commission (CVM), under the terms of the applicable legislation.

This communication should not be considered as an announcement of an offer in Brazil, the United States or any other jurisdiction.

This operation is aligned with the portfolio optimization and the improvement of the company’s capital allocation, aiming at generating value for its shareholders.

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