Petrobras starts binding phase for sale of 18.8% stake in UEG Araucária

Petrobras announced the start of the binding phase for the sale of its 18.8% stake in UEG Araucária S.A., a natural gas-fired thermoelectric plant in Araucária, Paraná, Brazil, with 484 MW installed capacity. Partners COPEL and COPEL Geração e Transmissão hold the remaining shares.

“This operation is in line with the portfolio optimization strategy, aimed at maximizing value and greater return to society.”gulfoilandgas.com

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• gulfoilandgas.comPetrobras Announces Sale of Stake in Electricity Company - Mergers and AcquisitionsOct 27, 2023

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