Petrobras: Public offer of shares of Petrobras Distribuidora

Public offer of shares of Petrobras Distribuidora

postoBR 400.jpgAt a meeting held yesterday, our Board of Directors authorized the public offering and the publicly-held company registration protocol for Petrobras Distribuidora S.A. (BR) at the Securities and Exchange Commission (CVM) and the application to join the “Novo Mercado,” B3’s highest level of corporate governance.

The Board also approved the sale of 25 percent to 40 percent of our interests in BR within the scope of the offer to be made in Brazil.

All acts required to carry the offer out will be subject to the approval of our and BR’s internal bodies, as well as to the analysis and approval of the respective regulatory bodies, in accordance with the applicable legislation.

This announcement should not be considered as an offer notice, and the holding of the offer will depend on favorable conditions on the domestic and international capital markets.

Facts deemed material to this issue will be communicated to the market in a timely manner.