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20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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Merger of companies by Petrobras
Rio de Janeiro, November 18th, 2014 – Petróleo Brasileiro S.A. – Petrobras, in compliance with the provision of CVM Instruction 358/02, announces that its Board of Directors, in a meeting held last Friday (11/14/2014), has approved the merger proposals of Arembepe Energia S.A. and Energética Camaçari Muricy I S.A., Company`s wholly-owned subsidiaries. Such mergers will be submitted to a Petrobras` Extraordinary Shareholders Meeting to be convened in due course.
The merging of such companies is designed to simplify the Company´s corporate structure, reduce costs and capture synergies.
Given that the mergers involve wholly-owned subsidiaries, there will be no increase of capital at Petrobras or new stock issue. The shares representing the capital stock of such wholly-owned subsidiaries will be extinguished and the necessary accounting records will be made at Petrobras.
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PETRÓLEO BRASILEIRO S.A--PETROBRAS | ||
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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