Petrobras sells its stake in two power companies



According to Petrobras, the sale is part of the strategy to optimize the portfolio and improve the capital allocation of the company (Photo: REUTERS / Sergio Moraes)

a Petrobras (PETR4Last Friday (05), it concluded the sale of 20% of its shares in Termelétrica Potiguar and 40% in Companhia Energética Manauara to Global Participações Energia (GPE) through its two subsidiaries GFT Participações and GFM Participações, respectively .

For its contribution, the public company received 155.6 million reais, already with the expected contract modifications, including 79.4 million reais from Termelétrica Potiguar and 76.2 million reais from Companhia Energética Manauara (CEM). The sale is part of Petrobras’ portfolio optimization and capital allocation strategy, with the aim of maximizing value.

Termelétrica Potiguar (TEP) is a property controlled by Global Participações Energia, which owns 80% of its capital, and which has direct stakes in Areia Energia SA and Água Limpa Energia SA, owners of small hydroelectric power stations, located in Tocantins, with facilities with capacities of 11.4 MW and 14.0 MW, respectively. In addition, TEP holds 60% of the share capital of CEM. CEM has a natural gas thermoelectric power station located in Amazonas, with a capacity of 85.4 MW.

GPE has been operating in the power generation sector since 2001 and controls seven power plants located in the states of Rio Grande do Norte, Amazonas, Tocantins and Bahia. The company recently signed a contract with Petrobras for the purchase of three other thermoelectric power stations, located in the industrial center of Camaçari, in Bahia.


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