# 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.

- Type: Acquisition
- Announced: 2023-10-27
- Where: Araucária, Paraná, Brazil
- Status: announced
- Capacity: 484 MW
- Products: electricity from natural gas
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Petrobras](https://endata.com/companies/2820.md)
- [UEG Araucária](https://endata.com/companies/73295.md) (target)

## Sources

- [gulfoilandgas.com](https://www.gulfoilandgas.com/webpro1/main/mainnews.asp?id=981932), 2023-10-27: "This operation is in line with the portfolio optimization strategy, aimed at maximizing value and greater return to society."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.