Petrobras: Sale of assets in Paraguay

Sale of assets in Paraguay

posto-paraguai.jpg

We have commenced the stage of divulging the Teaser related to the sale of our assets in Paraguay. In this project, our objective is to fully divest our shareholding in Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras Paraguay Operaciones y Logística SRL (PPOL), and in Petrobras Paraguay Gas SRL (PPG).

In Paraguay, we operate through the companies listed above on the fuel, LPG, and lubricant distribution and trade market, and we have a network of 197 service stations and 113 convenience stores. We also operate in the aviation, with operations at three airports, and major consumer (“B2B”) segments, and are the largest fuel distributor in the country. In terms of logistics, we also have a distribution terminal in the city of Villa Elisa.

The Teaser featuring the main information on the opportunity, as well as the objective criteria for the selection of potential participants, is available on Petrobras’ website: http://www.investidorpetrobras.com.br/pt/comunicados-e-fatos-relevantes

In addition to the Teaser, the main subsequent stages of each of the company’s divestment projects will be disclosed as follows:

- Beginning of the non-binding phase (where applicable);

- Beginning of the binding phase;

- Granting of exclusivity for negotiation (where applicable);

- Transaction approval by the senior management (Board of Executive Officers and Board of Directors) and signing of the contracts;

- Closing of the transaction.

This disclosure to the market is in line with our divestment system, which has been reviewed and approved by the Board of Executive Officers and is in line with the guidelines of the Federal Court of Auditors (TCU).