Petrobras on sale of stake in power sector company

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/22/2022, informs the beginning of the non-binding phase regarding the sale of its 18.8% stake in the capital stock of UEG Araucária S.A. (UEGA), together with its partners, Companhia Paranaense de Energia – COPEL and COPEL Geração e Transmissão S.A., which hold, respectively, 20.3% and 60.9% of the capital stock, totaling the sale of 100% of UEGA’s shares.

Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the asset in question, as well as instructions on the divestment process, including guidelines for preparing and submitting non-binding proposals.

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 in line with the company’s strategy of portfolio optimization and capital allocation improvement, aiming at value maximization and greater return to society.

About UEGA – Usina Elétrica a Gás de Araucária

UEGA is a partnership between Copel Group and Petrobras, consisting of a natural gas-fired generation plant (combined cycle, with two gas turbines and one steam turbine) located in Araucária – PR, close to the Bolivia-Brazil gas pipeline (GASBOL). It started operations in 2002 and has a total installed capacity of 484 MW.

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