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One-Page Deal Sheet

BTG Creates JV For African Exploration

Petrobras Btg Pactual Oil & Gs Participaes S.A.
AnnouncedJun 14, 2013
TypeJV
Announced Date
June 14,2013
Close Date
June 14,2013
Transaction Type
JV
Enterprise Value (EV)($MM)
1525




Snapshot
Location
Region
South America

Country
Angola

Country
Benin

Country
Brazil

Country
Namibia

Country
United States


Transaction Details:  Subscribe to see

Banco BTG Pactual S.A. and Petróleo Brasileiro S.A. - Petrobras, in compliance with CVM Rule 358/2002, hereby announces that today Petrobras International Braspetro B.V., controlled by Petrobras, and an investment vehicle managed and advised by BTG Pactual, entered into a binding agreement to establish a 50/50 joint venture, for oil and gas exploration and production in Africa.

This partnership between Petrobras and BTG Pactual represents a promising investment opportunity in E&P in Africa and will be the preferential vehicle of the two parties for new investments of such nature in the…

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