Public offering of Petrobras Distribuidora (BR) Shares
Rio de Janeiro, October 16, 2017 - Petróleo Brasileiro S.A. - Petrobras, further
to the Material Fact disclosed on September 28, 2017, reports that the following
were filed with the Securities and Exchange Commission of Brazil ("CVM"), on
this date:
1) by Petrobras Distribuidora S.A. (BR), the request for registration as a
publicly-held company pursuant to CVM Instruction 480, of December 7, 2009; and
2) by Petrobras, the request for registration for a secondary public offering of
common shares issued by BR, to be held in Brazil, in the non-organized
over-the-counter market, pursuant to CVM Instruction 400, on December 29, 2003,
and other applicable legal and regulatory provisions, with international
placement efforts, pursuant to the legislation in force in the country of each
investor.
All acts necessary for the completion of the offer are subject to the review and
approval of the internal offices of both companies, notably in regard to the
price and percentage of shares to be offered, which is expected to be between
25% and 40% of equity interest owned by Petrobras in BR, as disclosed on
September 28, 2017. The offer is also subject to registration at CVM and B3,
which has to approve the request to join the New Market.
This communication should not be considered as an offer announcement, and said
offering depends on registrations at CVM and B3, as well as favorable conditions
of national and international capital markets.
Facts deemed relevant will be timely disclosed to the market.
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www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947
FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, that are subject to risks and uncertainties.
The forward-looking statements, which address the Company’s expected business
and financial performance, among other matters, contain words such as “believe,”
“expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,”
“will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made. There is no
assurance that the expected events, trends or results will actually occur. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information or future events or for any
other reason.
The Company’s actual results could differ materially from those expressed or
forecast in any forward-looking statements as a result of a variety of
assumptions and factors. These factors include, but are not limited to, the
following: (i) failure to comply with laws or regulations, including fraudulent
activity, corruption, and bribery; (ii) the outcome of ongoing corruption
investigations and any new facts or information that may arise in relation to
the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk
management policies and procedures, including operational risk; and (iv)
litigation, such as class actions or proceedings brought by governmental and
regulatory agencies. A description of other factors can be found in the
Company’s Annual Report on Form 20-F for the year ended December 31, 2016, and
the Company’s other filings with the U.S. Securities and Exchange Commission.