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We have approved the additional sale model for stakes in BR Distribuidora


Our Board of Directors approved the additional sale model for our holdings in Petrobras Distribuidora (BR), to be conducted through a secondary public offering (follow-on). After the offer, our remaining interest in BRís share capital will be less than 50%.

All acts necessary to carry out the offer will be subject to the approval of the companyís internal bodies, notably as to the price and actual percentage of the shares to be offered, as well as to the review and approval of the respective regulatory entities, in accordance with the applicable legislation.

This transaction is aligned with the optimization of the portfolio and with the improvement of the companyís capital allocation, aiming at generating value for our shareholders.

Check out the full announcement to the market.

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