Petrobras on PCBios liquidation

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 20, 2019, informs that was concluded the process of closing Participações em Complexos Bioenergéticos S.A. (PCBios), a company in which Petrobras held a 50% interest and Mitsui & Co. Ltd. held the other 50%.

The dissolution and liquidation of PCBios were approved in the company’s General Assembly. This operation is aligned with the portfolio management strategy and the improvement of the company’s capital allocation, aiming to maximize value and greater return to society.

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