Petrobras starts binding phase of Deten Química S.A.
Rio de Janeiro, September 16, 2021 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 06/28/2021, informs that it has concluded the non-binding phase initiated on 07/08/2021 related to the sale of its entire 27.88% equity interest in Deten Química S.A. (Deten), located in the industrial complex of Camaçari, in the state of Bahia. The company is starting today the binding phase of the project.
Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and the submission of binding proposals.
This disclosure complies with Petrobras' internal rules and the special regime of asset divestment by federal mixed-capital companies, provided for in Decree 9,188/2017.
This transaction is in line with the company's strategy of portfolio optimization and capital allocation improvement, aiming at maximizing value.
Deten manufactures and sells the main raw materials for the production of liquid and powder biodegradable detergents. It is the only domestic producer of Linear Alkylbenzene (LAB), the precursor to Linear Alkylbenzene Sulfonate Acid (LABSA), of which it is also the manufacturer. It also produces Heavy Alkylate (ALP), used in lubricant additives and textile oil.
For more information:
PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations
email: email@example.comfirstname.lastname@example.org Av. República do Chile, 65 - 1803 - 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.