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Petrobras on Divestment of Gaspetro

Source: www.gulfoilandgas.com 11/30/2020, Location: South America

Petrobras, following up on the release disclosed on November 27, 2020, regarding the divestment of Petrobras Gás S.A. (Gaspetro), clarifies that the company Compass Gás Energia S.A. (Compass) was not qualified for the continuation of the divestment process of 51% of Gaspetro capital stock for not meeting the requirements of the Commitment Agreement (TCC) signed between the company and the Administrative Council for Economic Defense (CADE) on July 8, 2019, as manifested by the Commitment Agreement monitoring trustee.

Petrobras reinforces its commitment to a wide transparency of its divestment projects and portfolio management and informs that subsequent steps will be disclosed to the market in accordance with the company's divestment guidelines.

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