Summary by Moomoo AI
Petrobras, officially known as Petroleo Brasileiro SA, has successfully completed the sale of its 18.8% minority stake in UEG Araucária S.A. (UEGA) to Ambar Energia S.A. The deal, initially announced on February 23, 2024, was finalized on July 1, 2024, with Petrobras receiving a total of R$ 60.7 million. This includes the final payment of R$ 47.3 million, adjusted as per the terms of the sale contract. The transaction was executed through Petrobras' tag-along rights in accordance with the Share Purchase Agreement signed by its partners in UEGA, COPEL and COPEL GET. UEGA, which operates a natural gas power plant in Araucária, PR, has been a non-employee involving asset for Petrobras. The power plant, situated near the Bolivia-Brazil gas pipeline, has been operational since 2002 and boasts an installed capacity of 484 MW.