BR Distribuidora will receive contribution of more than R $6 billion

Petrobras will hold a corporate restructuring in BR Distribuidora, through a contribution of capital in the BR in the amount of approximately R $6.3 billion reais. The decision was approved by the Board of Directors of the day August 25 State.

According to Petrobras, the contribution of capital generated resource should be used entirely for the prepayment of debt that were incurred by BR. A corporate operation of split-off of Distributor must also be performed.

The Division, which is a transaction whereby a company transfers portions of your estate to one or more companies, consists in the separation of receivables held by BR, arising from Contracts of Confession of debt with the system Eletrobras. The portion being divided will be incorporated into the Downstream Participações, which is currently subsidiary, but that will later be incorporated into Petrobras.

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