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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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Petroleo Brasileiro Petrobras : Petrobras closes the sale of TAG

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06/13/2019 | 05:24pm EDT

Petrobras, following up on the release disclosed on 04/25/2019, informs that it has closed the sale of 90% of its stake in the Transportadora Associada de Gás S.A. ('TAG') to the group formed by ENGIE and the Canadian fund Caisse de Dépôt et Placement du Québec (CDPQ).

The transaction closed today with a total payment of R$ 33.5 billion to Petrobras, with approximately R$ 2 billion destined to settle TAG's debt with BNDES.

Petrobras will continue to use natural gas transportation services rendered by TAG, through contracts already in force between the two companies, with no impacts on its operations and the delivery of natural gas to its clients.

This operation is in line with the company's portfolio optimization and improvement of its capital allocation, aiming value generation for our shareholders.

This report on Form 6-K shall be deemed to be incorporated by reference into the Preliminary Prospectus Supplement, dated June 10, 2019, relating to the previously announced offer by Caixa Econômica Federal of common shares, including common shares represented by American depositary shares, of Petróleo Brasileiro S.A. - Petrobras.

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PETROBRAS - Petróleo Brasileiro SA published this content on 13 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2019 21:23:04 UTC

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Financials (BRL)
Sales 2019 369 B
EBIT 2019 81 084 M
Net income 2019 34 821 M
Debt 2019 345 B
Yield 2019 3,10%
P/E ratio 2019 11,1x
P/E ratio 2020 8,11x
EV / Sales2019 1,96x
EV / Sales2020 1,72x
Capitalization 377 B
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Mean consensus BUY
Number of Analysts 12
Average target price 33,43  BRL
Last Close Price 27,44  BRL
Spread / Highest target 49,4%
Spread / Average Target 21,8%
Spread / Lowest Target -1,60%
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Managers
NameTitle
Eduardo Bacellar Leal Ferreira Chairman
Rafael Salvador Grisolia Chief Financial Officer
Roberto Moro Chief Engineering & Technology Officer
Hugo Repsold Chief Technology & Production Development Officer
Segen Farid Estefen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS20.99%100 842
ROYAL DUTCH SHELL10.17%254 612
PETROCHINA COMPANY-9.15%165 767
TOTAL4.37%140 732
GAZPROM PAO (EDR)53.49%75 785
GAZPROM PAO--.--%75 785