Petro Rio S.A.: Closing Acquisition of Interest in Frade
Wednesday 27 March 2019
Petro Rio S.A., in addition to the material facts disclosed to the market on January 30 and February 13, 2019, hereby informs its shareholders, on this date, conditions precedent having been met and necessary approvals granted, the closing of the acquisition of Chevron Brasil Upstream Frade Ltda., owner of a 51.74% interest in the concession and operation of the Frade Field, along with a proportional stake in the operating assets of the Field.
Full announcement can be found here.