Brazil’s state-owned Petróleo Brasileiro S.A. (Petrobras) stated that it has begun the opportunity disclosure stage of its biodiesel assets.
Petrobras will sell 100% of its shares in its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO) including three biodiesel plants. The sale, however, does not include PBIO’s shares in BSBios and Bambuí Bioenergia.
Petrobras is moving in line with its strategy to optimize its portfolio to improve the company’s capital allocation. The company aims to maximize value for the shareholders.
Other than that, Petrobras is also putting in sales its shares in five power-generation companies. Those companies are Brasympe Energia S.A. (Brasympe), Energética Suape II S.A. (Suape II), Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech Energia S.A. (Brentech).
