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Merger of Sociedade Fluminense de Energia

In compliance with the provisions of CVM Instruction 358/02, Petrobras has announced that, at a meeting held today, its Board of Directors approved the merger offer from Sociedade Fluminense de Energia LTDA and that this matter will be put to the vote at an Extraordinary Shareholders' Meeting to be convened in due course.

The merger is aimed at simplifying the Company's corporate structure, cutting costs and taking advantage of synergies.

Given that the merger involves a wholly-owned subsidiary, there will be no increase in Petrobras capital or new stock issue. The shares representing the capital stock of this wholly-owned subsidiary will be extinguished and the necessary accounting records prepared by Petrobras.
Petrobras News Angency




 
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