Caixa Economica announces Sales of Petrobras shares

Petrobras reported that it received correspondence from Caixa Economica Federal informing its study about the possibility of selling shares it owns in the oil company in Brazil and in the United States. The bank’s note also says that a union of financial and legal advisors should evaluate viable alternatives.

However, it was not ruled out the assumption that the bank would perform a secondary public offer of shares (follow on) registered in Brazil and the United States. The president of Caixa, Pedro Guimarães had already announced that he intends to sell until June at least R $15 billion in holdings in companies held by government funds administered by the institution.

Thus, the bank requested Petrobras ‘ cooperation on the provision of information and documents necessary for the sales study in preparation.

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