Member access

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

SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

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

06/14/2013 | 07:45pm US/Eastern
Recommend:
0

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
Recommend :
0
React to this article
Latest news on PETROLEO BRASILEIRO PETROB
1d ago PETROLEO BRASILEIRO PETROBRAS : Petrobras : & Foro Sign Technology Cooperation A..
4d ago PETROLEO BRASILEIRO PETROBRAS : Wood Group Kenny wins two contracts with Petrobr..
5d ago PETROLEO BRASILEIRO PETROBRAS : Farstad Shipping wins contract from Petrobras
5d ago PETROLEO BRASILEIRO PETROBRAS : Wood Group Wins 2 Contracts with Petrobras in Br..
6d ago PETROLEO BRASILEIRO PETROBRAS : FMC Technologies Receives Order for Five Additio..
08/25DJADR Shares End Higher; Statoil Shares Active
08/23 PETROLEO BRASILEIRO PETROBRAS : Petrobras : Proves Potential of Moita Bonita Are..
08/22 PETROLEO BRASILEIRO PETROBRAS : Petrobras : Proves Potential Of Sergipe-Alagoas ..
08/22 FMC TECHNOLOGIES : Receives Order for Five Additional Subsea Manifolds for Petro..
08/21 PETROLEO BRASILEIRO PETROBRAS : Petrobras : reports explosion at Reman refinery ..
Advertisement
Chart
Duration : Period :
Petroleo Brasileiro Petrob Technical Analysis Chart | PETR4 | BRPETRACNPR6 | 4-Traders
Income Statement Evolution
Petroleo Brasileiro Petrob : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF