Petrobras informs that its Executive Board has authorized the Company to resume negotiations with Sete Brasil Participações S.A. (currently under judicial reorganization at the 3rd Business District Court of Rio de Janeiro), at the request of Sete Brasil.
Petrobras reports that its Executive Board, at its meeting held today, has authorized the development of studies for an Initial Public Offer (IPO) of its wholly-owned subsidiary Petrobras Distribuidora S.A. (BR), turning this a subsidiary into a company listed on the B3 stock exchange’s (formerly BM&FBOVESPA) special segment named Novo Mercado, and compliant with the best corporate governance practices.
Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), further to the announcement released in June 20, 2017, has concluded the redemption of its 2.750% Global Notes due 2018, 5.875% Global Notes due 2018 and 4.875% Global Notes due 2018.
Petrobras reports that the Board of Directors of its wholly-owned subsidiary Petrobras Distribuidora S.A. (BR) approved yesterday the extension of the term of office of President Ivan de Sá Pereira Júnior and Officers of Operations and Logistics, Marcelo Fernandes Bragança, and Consumer Market, Antonio Carlos Alves Caldeira, for a 60-day period.
Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to holders in connection with its redemption of the outstanding 2.750% Global Notes due 2018 (“2.750% Notes”), 5.875% Global Notes due 2018 (“5.875% Notes”) and 4.875% Global Notes due 2018 (“4.875% Notes” and, together with the 2.750% Notes and the 5.875% Notes, the “Notes”) announcing the redemption prices for the Notes. The redemption date for the Notes will be June 22, 2017 (“Redemption Date”).
Petrobras, further to the Material Fact disclosed on 5/15/2017, informs the start of the binding phase regarding the transfer of Petrobras’ stake in the Azulão Field, in the Amazon Basin.
Petrobras announces that its Board of Directors approved, in a meeting held today, an agreement to settle an individual securities action brought before the U.S. federal District Court for the Eastern District of Pennsylvania by a number of funds affiliated with The Vanguard Group, Inc. (“Vanguard”).
Petrobras informs that its total oil and natural gas production in May was 2.80 million barrels of oil equivalent per day (boed), of which 2.68 million boed produced in Brazil and 120 thousand boed produced abroad.
Petrobras reports that its Board of Directors approved, in a meeting held yesterday, the creation of the non-statutory position of Deputy Officer for Governance and Compliance. The measure is yet another step forward in the company’s governance system, considering that the Deputy Officer will concentrate the focus of activities on internal actions, particularly those related to demands from internal controls and corporate governance, as well as prevention and investigation.
Petrobras informs that its Executive Board approved today the execution of a Term Sheet with Andrade Gutierrez, providing for a set of integrity obligations for this company, to enable the removal of the provisional ban imposed by Petrobras since December 29, 2014, as disclosed to the market on that date and to allow Andrade Gutierrez to resume participation in Petrobras’ bidding process.