Member access

4-Traders Homepage  >  Shares  >  BOLSA DE VALORES DE SAO PAULO  >  Petroleo Brasileiro Petrobras SA    PETR4   BRPETRACNPR6

End-of-day quote. End-of-day quote BOLSA DE VALORES DE SAO PAULO - 10/24
16.3 BRL   +5.78%
1d agoDJPETROLEO BRASILEIRO PETROBRAS : Rivals in Brazil Vote Both Pledge to Kickst..
1d agoDJBrazilian Shares Rise, Real Strengthens Ahead of Sunday Presidential Ele..
1d ago FRIDAY'S ETF MOVERS : Ilf, gdxj
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Petroleo Brasileiro Petrobras SA : Disposal of common shares held by Petrobras in Brasil PCH S.A.

06/14/2013 | 07:45pm US/Eastern

Disposal of common shares held by Petrobras in Brasil PCH S.A.

Download

Rio de Janeiro, June 14, 2013 - Petróleo Brasileiro S.A. - Petrobras announces it has signed with Cemig Geração e Transmissão S.A. ("Cemig GT") a stock purchase agreement for Petrobras' ownership interest in Brasil PCH S.A. ("Brasil PCH"), equivalent to 49% of the voting stock, in the total amount of R$ 650 million, to be adjusted in the stock purchase agreement ("CCVA").

Brasil PCH is currently one of Brazil's main independent electricity generating companies from renewable sources. The company's portfolio includes 13 operational small hydroelectric plants ("PCHs") with a total installed capacity of 291 MW. The PCHs are located in the states of Espírito Santo (4), Goiás (3), Minas Gerais (3) and Rio de Janeiro (3).

In meetings held on this date, the Boards of Directors of Petrobras and CEMIG approved the transaction, which is part of Petrobras' Divestment Program.

Completion of the transaction is subject to approval by the Brazilian Antitrust Authority ("CADE") and approval by the Brazilian Electricity Regulatory Agency ("ANEEL"), among other conditions precedent.

Common shareholders of Brasil PCH may exercise their right of first refusal or tag along right within 45 days.

distributed by
Latest news on PETROLEO BRASILEIRO PETROB
1h ago PETROLEO BRASILEIRO PETROBRAS : Petrobras : discovers new deep-water oil well in..
14h ago PETROLEO BRASILEIRO PETROBRAS : Brazil poll rivals clash over corruption claim
1d agoDJPETROLEO BRASILEIRO PETROBRAS : Rivals in Brazil Vote Both Pledge to Kickstart O..
1d agoDJBrazilian Shares Rise, Real Strengthens Ahead of Sunday Presidential Election
1d ago FRIDAY'S ETF MOVERS : Ilf, gdxj
1d ago PETROLEO BRASILEIRO PETROBRAS : Brazil's Rousseff slams magazine's allegations
1d ago PETROLEO BRASILEIRO PETROBRAS : Brazil's Rousseff accuses magazine of 'electoral..
1d ago PETROLEO BRASILEIRO PETROBRAS : Brazil's Petrobras announces new offshore gas, c..
1d ago PETROLEO BRASILEIRO PETROBRAS SA : Regulus Therapeutics Soars on Hepatitis C Dru..
2d ago PETROLEO BRASILEIRO PETROBRAS : Ocean Rig UDW Highlights Recent Developments
Advertisement
Chart
Duration : Period :
Petroleo Brasileiro Petrob Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF