Petro Rio S.A. (BOVESPA:PRIO3) agreed to acquire a 28.6% stake in Wahoo of Total E&P do Brasil Ltda from Total E&P do Brasil Ltda on March 4, 2021. Together with the interest in Wahoo acquired from BP, this transaction will bring PetroRio’s interest to 64.3% of the concession after the acquisitions are concluded, both subject to conditions precedent. National Petroleum, Gas and Biofuels Agency (“ANP”) has approved the acquisition. Banco Safra and Scotiabank acted as financial advisors in this transaction.