Rio de Janeiro – This Wednesday (30), Petrobras subsidiary Petrobras America Inc. (PAI) signed with the North-American company Chevron U.S.A. Inc (Chevron) a sales contract concerning the diversion of all shares it had in the companies composing Pasadena Refining System in the United States.
The refinery sale is part of Petrobras divestment plan and needs to be submitted to the regulatory bodies evaluation. The contract value is USD 562 million, with USD 350 million being for the shares value and USD 212 million for the working capital in October 2018. “The final value of the operation is subjected to working capital adjustments until the end of the transaction,” reported Petrobras.
Translated by Guilherme Miranda
