The companies sold operate in Paraguay in the distribution and sale of fuels, LPG, lubricants and other special products, through a network of 201 service stations, as well as a proprietary storage terminal and operations at three airports.
The transaction was concluded with the payment of US$331.5 million by Paraguay Energy to PIB BV, after fulfilling all precedent conditions, in addition to US$49.3 million which had already been paid upon signing of the agreement, resulting in a cash inflow of US$380.8 million.
The agreement also provides for the licensing for the exclusive use of the Petrobras brand by the company Nextar (successor of Petrobras Paraguay Operaciones y Logística SRL), in service stations in that country, for an initial period of five years.
This project contributes to improving the company's capital allocation, thereby increasing value generation.
