Petrobras Biocombustíveis to sell 50% stake in BSBios

In Brazil, Petrobras reports that its wholly owned subsidiary Petrobras Biocombustíveis S.A. (PBio) has started the opportunity disclosure phase (teaser) related to the joint sale of all its shares in BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (“BSBios”). PBio holds a 50% stake in BSBios and will sell it together with its partner, RP Biocombustíveis SA, which owns the remaining 50%, through a tender process carried out exclusively by PBio, aiming at selling 100% of BSBios shares, following PBio’s divestment systematic.