Petrobras on stake in BR Distribuidora
Rio de Janeiro, June 11, 2021 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on August 26, 2020, informs that it sent today to Petrobras Distribuidora S.A. (BR) a letter requesting cooperation to implement the secondary public offering (follow on) for the sale of its remaining 37.50% interest in the capital stock of that company whose execution will be subject, among other factors, to market conditions, the approval of Petrobras' internal bodies, notably as to price, and the analysis of the Brazilian Securities and Exchange Commission (CVM), under the terms of the applicable legislation.
This communication should not be considered as an announcement of an offer in Brazil, the United States or any other jurisdiction.
This operation is aligned with the portfolio optimization and the improvement of the company's capital allocation, aiming at generating value for its shareholders.
For more information:
PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investor Relations
Av. República do Chile, 65 - 1002 - 20031-912 - Rio de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: 'anticipates', 'believes', 'expects', 'predicts', 'intends', 'plans', 'projects', 'aims', 'should,' and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.
PETROBRAS - Petróleo Brasileiro SA published this content on 14 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2021 10:04:11 UTC.