This excerpt taken from the PBR 6-K filed Dec 28, 2007.
Completion of the acquisition of the
(Rio de Janeiro, December 28, 2007). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces the completion of the acquisition from Energisa S.A. of 100% of the Usina Termelétrica Juiz de Fora S.A. by Petrobras Comercializadora de Energia Ltda.
Besides the acquisition of the controlling shares, the contracts with the energy commercialization rights signed by the thermoelectrical plant with the subsidiary companies of the seller in the northeast region of Brazil, as per the announcement made to the market on October 04 2007.
The operation was worth R$ 211 million, R$ 52 million of which involving transferred debts Petrobras paid to the National Economic and Social Development Bank (BNDES).
As usually occurs in operations of this nature, price adjustments and the respective payments may take place in the upcoming weeks, after the elaboration of the acquisition final closing balance.
This document may contain forecasts that merely reflect the expectations of the Companys management. Such terms as anticipate, believe, expect, forecast, intend, plan, project, seek, should, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 28, 2007
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.