Petrobras on LUBNOR sale

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/25/2022, informs that the company Grepar Participações Ltda. (Grepar), which entered into an agreement with Petrobras for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery and its associated logistics assets, sent a notification informing changes in its corporate structure.

Grepar is a company jointly owned by Grecor Investimentos em Participações Societárias Ltda., Greca Distribuidora de Asfaltos Ltda. and Holding GV Participações S.A. The corporate change will occur through the definitive assignment of all of Grepar’s capital shares held by Holding GV Participações S.A. to the company Greca Distribuidora de Asfaltos Ltda, which will assume all the rights and obligations of Holding GV Participações S.A. established in the contract for the sale of LUBNOR signed with Petrobras.

With the notified change, Grecor Investimentos em Participações Societárias Ltda. will keep its 50% participation and Greca Distribuidora de Asfaltos Ltda. will hold the other 50% of Grepar’s capital.

Clovis Fernando Greca, Grepar’s managing partner, stated that “Grepar remains cohesive and strengthened, committed to completing the transaction, and will continue to act to promote a cycle of opportunities and growth in LUBNOR, through new investments and seeking a positive relationship between the refinery and its surroundings, benefiting the local community as a whole.

Rodrigo Costa Lima e Silva, Petrobras’ Chief Refining and Natural Gas Officer, highlights that “Petrobras reinforces its commitment to the opening of the refining market, expressed in the Cessation of Practice Agreement entered into with CADE.

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