Petrobras recently announced it has finalized the sale of its entire stake (27.88%) in Deten Química SA (Deten), located in the industrial complex of Camaçari, in the state of Bahia, for the company Cepsa Química SA, which already has an indirect stake in Deten, of 69.94%.

 

After complying with all the conditions precedent, the transaction was concluded on this date, with the payment of R$514 million in cash to Petrobras, an amount that reflects the purchase price of R$585 million, adjusted as a result of monetary correction, dividends received and deduction of the deposit amount paid to Petrobras, on the date of execution of the share purchase and sale agreement.

 

This disclosure to the market is in accordance with Petrobras' divestment guidelines and with the special regime for the divestment of assets by federal mixed capital companies, provided for in Decree 9,188/2017.

 

This operation is aligned with the optimization of the portfolio and the improvement of the company's capital allocation, aimed at generating value for its shareholders.

 

Deten manufactures and sells the main raw materials for the domestic and commercial cleaning segment in Brazil, being the only national producer of Linear Alkylbenzene (LAB), precursor of Linear Alkylbenzene Sulfonate Acid (LABSA), of which it is also a manufacturer. Its annual production capacity is 230,000 tons of LAB and 120,000 tons of LABSA. Additionally, the company produces 10,000 tons/year Heavy Alkylated (ALP) which is mainly intended for the production of thermal fluid, greases, lubricating additives and textile oils.