Pursuant to Rule 13a-16 or 15d-16 of the
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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PETRÓLEO BRASILEIRO S.A. - PETROBRAS
Publicly Traded Company
MATERIAL FACT
Merger of RNEST
Rio de Janeiro, October 25th, 2013 – Petróleo Brasileiro S.A. – Petrobras, in compliance with the provision set forth in CVM Instruction No. 358/02, announces that its Board of Directors, in a meeting held today, approved the proposal to merge Refinaria Abreu e Lima S.A. – RNEST, which is a wholly-owned subsidiary of Petrobras. The merger will be submitted for analysis and discussion of shareholders during a Special Meeting to be convened at the appropriate time.
RNEST was formed, among other purposes, to facilitate possible partnerships with investors interested in refining activities in Brazil. Negotiations with interested parties, within the premises established by Petrobras, were unsuccessful.
The merger of Refinaria Abreu e Lima S.A. into Petrobras is aimed at improving the execution of construction work currently in progress and at facilitating the coordination of refining activities and distribution of oil products produced by Petrobras´ refining portfolio.
Since the merger involves a wholly-owned subsidiary, there will be no capital increase at Petrobras or new stock issue. RNEST shares will be extinguished.
Rio de Janeiro, October 25th, 2013
Almir Guilherme Barbassa
Chief Financial and Investor Relations Officer
Petróleo Brasileiro S.A. – 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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