Petrobras, following up on the disclosure made on 10/26/2017, informs that its Board of Directors, in a meeting held yesterday, approved the Sale and Purchase Agreement (SPA) for the full sale of Petrobras’ stake in the companies Petrobras Paraguay Distribución Limited (PPDL UK), Petrobras Paraguay Operaciones y Logistics SRL (PPOL) and Petrobras Paraguay Gas SRL (PPG) to Grupo Copetrol.
Petrobras informs that its Board of Directors, at a meeting held today, appointed the engineer Rafael Salvador Grisolia to the position of Chief Financial and Investor Relations Officer of the company, with an office term until March 26, 2019, the same term of the other officers of the Executive Board.
Petrobras informs that last Friday, 06/22/2018, it started production of Tartaruga Verde field, in deep waters of Campos Basin, by means of FPSO Cidade de Campos dos Goytacazes.
Petrobras, following up on the disclosure made on March 1, 2018, informs that the agreement to settle the Class Action in the United States was approved this past Friday, June 22, 2018, as final, by the Federal District Court in New York.
Petrobras reports that the Full Court of the Superior Labor Court (TST) has issued unfavorable decision with 13 votes against and 12 votes in favor of the Company in a trial held today on labor suits, the purpose of which is to review the criteria for calculating the Complement to the Minimum Compensation per Level and Working Regime (Remuneração Mínima por Nível e Regime – “RMNR”).
Petrobras informs that today it prepaid a debt with Crédit Agricole CIB, in the amount of US$ 500 million, whose maturity would occur in 2022. Simultaneously, it borrowed new financing with the same bank, in the amount of US$ 400 million, with maturity in 2024 and more competitive financial costs.
Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of June 14, 2018 it manages shareholding interest less than 5% of the preferred shares issued by Petrobras, and no longer qualifies as holder of significant shareholding interest in the capital stock of the company, as per the information below.
Petrobras, further to the material fact of 04/03/2018 and press release of 05/23/2018, announces the beginning of the non-binding phase related to the sale of its entire stake in Baúna field (concession area BM-S-40), located in shallow waters in the Santos basin.
Petrobras, further to the Material Fact of 04/03/2018 and Press Release of 05/23/2018, informs the beginning of the non-binding phase related to the sale of 50% of its non-operated working interest in Tartaruga Verde field (BM-C-36 Concession) and Module III of Espadarte field, both located in deep water in Campos Basin.
Petrobras, further to the releases disclosed on 04/27/2018 and 05/23/2018 regarding the processes of partnerships in refining, informs that, in response to requests from interested parties in the processes, it extended the deadline for signing Confidentiality Agreements and other documents provided for in the Opportunity Disclosure (Teaser) to 07/02/2018.