PETROBRAS, Public Offering for Acquisition of Suzano Petroquímica’s Shares
Posted on May 6, 2008 – 7:55 am | by vchris
(Rio de Janeiro, May 5, 2008). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that it is to comply with the conditions of the Brazilian Securities and Exchange Commission – CVM contained in Official Letter CVM/SER/GER-1/Number 725/2008 for approving the registration of the Public Offering for Acquisition of Shares of Suzano Petroquímica S.A. with respect to the updating of the bid price.
Pursuant to the CVM’s Board of Commissioners’ resolution of October 31 2007, the rate used for restating the price of the offer shall be 100% of the variation in the Interbank Deposit Rate – Extra Group (“DI Rate”), for a term equal to one business day calculated and published by CETIP – Clearing House for the Custody and Financial Settlement of Securities, on a pro rata temporis basis as from the date of effective payment to the former controlling shareholders (November 30 2007) until the financial settlement date of the auction.
PETROBRAS will publish the Public until May 10, 2008 Share Offering Agreement with respect to the acquisition of the shareholding control of Suzano Petroquímica.
PETROBRAS’ shareholders and the market in general will be kept informed on the progress of the said public share offering.
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT
www.oilandgaspress.com - The ‘one stop shop’ for global Oil and gas press releases!!!
Tags: Acquisition, PETROBRAS, Public Offering, shares
You must be logged in to post a comment.