Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/28/2021, informs that it has concluded the non-binding phase initiated on 07/08/2021 related to the sale of its entire 27.88% equity interest in Deten Química S.A. (Deten), located in the industrial complex of Camaçari, in the state of Bahia. The company is starting today the binding phase of the project.
Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and the submission of binding proposals.
This disclosure complies with Petrobras’ internal rules and the special regime of asset divestment by federal mixed-capital companies, provided for in Decree 9,188/2017.
This transaction is in line with the company’s strategy of portfolio optimization and capital allocation improvement, aiming at maximizing value.
Deten manufactures and sells the main raw materials for the production of liquid and powder biodegradable detergents. It is the only domestic producer of Linear Alkylbenzene (LAB), the precursor to Linear Alkylbenzene Sulfonate Acid (LABSA), of which it is also the manufacturer. It also produces Heavy Alkylate (ALP), used in lubricant additives and textile oil.