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4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petroleo Brasileiro SA Petrobras    PETR4   BRPETRACNPR6

PETROLEO BRASILEIRO SA PETROBRAS (PETR4)
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Petroleo Brasileiro Petrobras SA : Disposal of common shares held by Petrobras in Brasil PCH S.A.

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06/15/2013 | 01:45am CEST

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

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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.

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Financials ( BRL)
Sales 2018 336 B
EBIT 2018 61 355 M
Net income 2018 30 776 M
Debt 2018 264 B
Yield 2018 3,86%
P/E ratio 2018 7,49
P/E ratio 2019 6,82
EV / Sales 2018 1,62x
EV / Sales 2019 1,45x
Capitalization 282 B
Chart PETROLEO BRASILEIRO SA PET
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Technical analysis trends PETROLEO BRASILEIRO SA PET
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 25,9  BRL
Spread / Average Target 31%
EPS Revisions
Managers
NameTitle
Pedro Pullen Parente President, CEO & Executive Director
Luiz Nelson Guedes de Carvalho Chairman
Ivan de Souza Monteiro Chief Financial & Investor Relations Officer
Roberto Moro Chief Engineering & Technology Officer
Hugo Repsold Chief Technology & Production Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
PETROLEO BRASILEIRO SA PETROBRAS55.59%77 371
ROYAL DUTCH SHELL5.07%289 551
PETROCHINA COMPANY5.32%222 236
TOTAL18.36%159 077
EQUINOR20.61%84 744
ENI11.49%65 142