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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

PETROLEO BRASILEIRO SA PETROBRAS (PETR4)
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Petrobras : - Disclosure of Relevant Shareholding Position

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12/07/2018 | 03:40pm CET

Rio de Janeiro - Petroleo Brasileiro S.A.Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified by BlackRock, Inc. ('BlackRock') that the latter has acquired preferred shares issued by the company and as of December 04, 2018 it manages share interests of approximately 5.00% of preferred shares issued by Petrobras, thus qualifying as a relevant holder of shares in the company's capital stock, as per the information below.

Share interests held by BlackRock reached a combined 247,138,734 preferred shares and 16,694,503 American Depositary Receipts (ADRs), which represent preferred shares, to a total of 280,527,740 preferred shares, equivalent to approximately 5.00% of total preferred shares issued by the company, and 1,927,900 cash-settlement derivative financial instruments referenced by preferred shares, which represent approximately 0.03% of total preferred shares issued by the company; the purpose of the aforementioned share interests is strictly investment, whereas there is no intention to alter shareholding control or the administrative structure of Petrobras; BlackRock did not celebrate any contracts or agreements governing the exercise of voting rights or the purchase and sale of securities issued by Petrobras; BlackRock has registered headquarters at 55 East 52nd Street, New York City, New York State, 10022-0002, United States of America.

Contact:

Tel: 55 (21) 3224-1510

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. The forward-looking statements, which address the Company's expected business and financial performance, among other matters, contain words such as 'believe,' 'expect,' 'estimate,' 'anticipate,' 'optimistic,' 'intend,' 'plan,' 'aim,' 'will,' 'may,' 'should,' 'could,' 'would,' 'likely,' and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. There is no assurance that the expected events, trends or results will actually occur. We undertake no obligation to publicly update or revise any forwardlooking statements, whether as a result of new information or future events or for any other reason. The Company's actual results could differ materially from those expressed or forecast in any forward-looking statements as a result of a variety of assumptions and factors. These factors include, but are not limited to, the following: (i) failure to comply with laws or regulations, including fraudulent activity, corruption, and bribery; (ii) the outcome of ongoing corruption investigations and any new facts or information that may arise in relation to the 'Lava Jato Operation'; (iii) the effectiveness of the Company's risk management policies and procedures, including operational risk and (iv) litigation, such as class actions or proceedings brought by governmental and regulatory agencies. A description of other factors can be found in the Company's Annual Report on Form 20-F for the year ended December 31, 2017, and the Company's other filings with the U.S. Securities and Exchange Commission.

(C) 2018 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK 0.04% 393.26 Delayed Quote.-23.45%
PETROLEO BRASILEIRO SA PETROBRAS 0.00% 23.44 End-of-day quote.55.15%
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Financials (BRL)
Sales 2018 355 B
EBIT 2018 73 124 M
Net income 2018 31 656 M
Debt 2018 296 B
Yield 2018 3,41%
P/E ratio 2018 10,00
P/E ratio 2019 7,79
EV / Sales 2018 1,81x
EV / Sales 2019 1,50x
Capitalization 346 B
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 28,0  BRL
Spread / Average Target 13%
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Managers
NameTitle
Ivan de Souza Monteiro President, Chief Executive Officer & Director
Luiz Nelson Guedes de Carvalho Chairman
Rafael Salvador Grisolia Chief Financial Officer
Roberto Moro Chief Engineering & Technology Officer
Hugo Repsold Chief Technology & Production Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS55.15%88 668
ROYAL DUTCH SHELL-5.63%247 014
PETROCHINA COMPANY-6.43%192 700
TOTAL4.60%146 987
EQUINOR14.50%78 632
NK ROSNEFT' PAO--.--%70 086