Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras has successfully completed the sale of its 18.8% minority stake in UEG Araucária S.A. to Ambar Energia S.A., with the transaction concluding at a total payout of R$ 60.7 million to Petrobras. The deal was facilitated through the exercise of Petrobras’ tag-along rights, following the lead of its partners, COPEL and COPEL GET. UEG Araucária, a natural gas power plant in operation since 2002, is situated strategically near the Bolivia-Brazil gas pipeline and has a capacity of 484 MW.
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