Petrobras launches stock sales process at Mega

On Friday (30), Petrobras announced in an official statement that it initiated the process of binding phase referring to the sale of its total participation (34%) At the Argentine company Compañía Mega (S.A.). The shares of the state in the company are held through its subsidiary Petrobras International Braspetro B.V. ("GDP BV"). The operation is part of the oil disinvestment plan.

"Those qualified for this phase will receive an invitation letter with detailed instructions on the disinvestment process, including guidelines for conducting due diligence and for submitting the binding proposals," the note said.

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