Petrobras on Petros 3 Plan

Source: www.gulfoilandgas.com 7/21/2021, Location: South America

Petrobras, following up on the release disclosed on June 15, 2021, informs that it signed, together with Fundação Petrobras e Seguridade Social (Petros), a Term of Commitment, regarding its parity interest, for the cash payment of the debt recognized in the migration process of the PPSP-R and PPSP-NR Plans to Petros-3 Plan (PP3).

The value of Petrobras' debt was R$ 1.3 billion on the base date of 04/30/2021, and will be actuarially updated up to 07/31/2021, according to the criteria contained in the migration terms of the PPSP-R and PPSP-NR plans. In the period between 08/01/2021 and the effective payment date, expected to 09/09/2021, the final amount will be corrected by the actuarial goals of the original plans (PPSP-R and PPSP-NR).

PP3 is scheduled to become operational on August 1, 2021.


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