Petrobras Concludes the Sale of 10% Stake in NTS

Source: www.gulfoilandgas.com 4/30/2021, Location: South America

Petrobras, in continuation of the communique released on April 28, 2021, informs that it signed a contract and concluded the sale of its remaining 10% stake in Nova Transportadora do Sudeste SA (NTS) to Nova Infraestrutura Gasodutos Participacoes SA (NISA) , a company formed by Nova Infraestrutura Fundo de Investimentos em Participacoes Multiestrategia (FIP), an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda., and by Itausa SA, current controlling shareholders of NTS.

As disclosed, the value of the transaction was R $ 1.8 billion. Considering the dividend discount, interest on own capital and restitution through capital reduction received by Petrobras throughout the year 2020 and 2021 and the other adjustments provided for in the contract according to the base date, the transaction was concluded at the amount R $ 1.5 billion, fully paid.

This transaction represents another important milestone for the opening of the natural gas sector in Brazil, and with it, Petrobras fulfills, with 7 months in advance, one of the commitments assumed under the Term of Commitment of Termination signed with the Board of Directors of Economic Defense (CADE) on 07/08/2019.

This disclosure is in accordance with Petrobras' divestment guidelines and the special asset divestment regime by federal mixed-capital companies, provided for in Decree 9.188 / 2017.

This operation is in line with the company's Strategic Plan and aligned with the optimization of the portfolio and the improvement of the company's capital allocation, aiming at generating value for our shareholders.


Canada >>  6/21/2021 - Pembina Pipeline Corporation announced that Pembina and Inter Pipeline Ltd. ("Inter Pipeline") have filed cross-applications with the Alberta Securiti...
United States >>  6/21/2021 - Brookfield Infrastructure Partners L.P., together with its institutional partners (collectively, “Brookfield Infrastructure”) has filed a second notic...

Canada >>  6/18/2021 - Offer Highlights
- Revised Offer from Brookfield Infrastructure will include an ability for Inter Pipeline Ltd. (“IPL”) shareholders to receive ...

Malaysia >>  6/18/2021 - Dagang NeXchange Berhad (“DNeX”) has received approval from shareholders after its Extraordinary General Meeting for the company’s proposed acquisitio...

Saudi Arabia >>  6/18/2021 - Aramco and an international investor consortium, including EIG and Mubadala, announced the successful closing of the share sale and purchase agreement...
Canada >>  6/16/2021 - Superior Plus Corp. has closed the previously announced acquisition of the assets of a retail propane distribution company based in South Carolina, op...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.