Petrobras starts sales phase of 100% of participation in BSBios

Petrobras, in continuity with the relevant fact published in 14/12/2017, informs the start of the non-binding phase concerning the process of disposing of 100% of its participation of the shares held by Petrobras biofuels ("PBIO"), wholly owned subsidiary of Petrobras, in the company BSBios, which correspond to 50% of the company's capital.

At this stage of the project, those interested in the previous phase and who have signed the confidentiality agreement and the Declaration of conformity will receive a descriptive memorandum containing more detailed information about the assets in question, in addition to Instructions on the disinvestment process, including guidelines for the elaboration and submission of non-binding proposals.

Additionally, the company informs that the deadline for signing the confidentiality agreement and the Declaration of Conformity, as provided for in the disclosure of the opportunity (teaser) to access the technical, legal and financial information pertaining to the Process of deinvestment, will go until February 16th, 2018.

In this way, all interested parties who have signed the agreement and the abovementioned declaration shall have access to the descriptive memorandum for a minimum period of 30 days.

This disclosure to the market is in line with Petrobras ' systematic disinvestment and is aligned with the guidelines of the Union Court of Auditors (TCU).  Source.

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