Interest Sale in Natural Gas Distribution Companies

Source: www.gulfoilandgas.com 9/22/2015, Location: South America

Petrobras informs that it is in final negotiation with Mitsui Gas e Energia do Brasil Ltda to sell 49% of the holding company that will consolidate all Petrobras interests in natural gas distribution companies in Brazil.

This transaction, conducted through a competitive bid, is part of the Divestment Program proposed in the 2015-2019 Business and Management Plan.

The conclusion of the deal is subject to the approval of its final terms and conditions by Petrobras Executive Board and Board of Directors, as well as by Brazilian regulatory authorities.

Facts deemed material concerning this matter will be disclosed to the market in a timely manner.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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