Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

End-of-day quote. End-of-day quote  - 05/04
9.78 BRL   -3.83%
02:14p CLARIFICATION O : Announcement of Sale of Assets
11:37a PETROLEO BRASIL : Brazil's top prosecutor requests probe into Dilma ..
10:27a PETROLEO BRASIL : Brazil proscecutor calls for obstruction of justic..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/15/2013 | 01:45am CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on PETROLEO BRASILEIRO SA PET
02:14p CLARIFICATION ON NEWS : Announcement of Sale of Assets
11:37a PETROLEO BRASILEIRO PETROBRAS : Brazil's top prosecutor requests probe into Dilm..
10:27a PETROLEO BRASILEIRO PETROBRAS : Brazil proscecutor calls for obstruction of just..
08:49aDJPETROLEO BRASILEIRO PETROBRAS : Court Asked to Add da Silva To Investigation -- ..
07:24a PETROLEO BRASILEIRO PETROBRAS : Brazil Prosecutor Requests Graft Probe Of Former..
05:55aDJPetrobras Sells Stakes in Argentine and Chilean Units
04:15a PETROLEO BRASILEIRO PETROBRAS : Brazil attorney general wants to investigate Sil..
03:28aDJPETROLEO BRASILEIRO PETROBRAS : Brazil Prosecutor Seeks to Add Ex-President Lula..
03:23aDJPetrobras Sells Stakes in Argentina and Chile Units
02:09a PETROLEO BRASILEIRO PETROBRAS : Sale of distribution assets in Chile
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials