Petrobras signed today (28) the contract for the sale of its entire stake (51%) in Petrobras Gás SA (Gaspetro). The sale value is R$ 2.03 billion, signed with the company Compass Gás e Energia SA, must be paid at the conclusion of the agreement and is subject to the adjustments provided for in the contract.
The closing of the transaction is subject to approval by the Administrative Council for Economic Defense (Cade). Petrobras informed, in a note, that until the closing of the transaction, it will comply with the provisions contained in the Gaspetro and natural gas distributors’ shareholders’ agreements, including with regard to preemptive rights.
Gaspetro is a holding company with equity interests in 19 natural gas distribution companies located in all regions of Brazil. Its distribution networks total approximately 10 thousand kilometers, serving more than 500 thousand customers, with a distributed volume of approximately 29 million cubic meters per day.
Compass, which acquired Gaspetro, belongs to the Cosan Group, and was created in 2020 to operate in the gas and energy segment. It currently controls Comgás, the country’s largest gas distributor with more than 19,000 kilometers of installed network and 2.1 million customers, and is present in 94 municipalities in the state of São Paulo.
+ Learn about the effectiveness of each vaccine against Covid-19