This excerpt taken from the PBR 6-K filed Jun 28, 2006.
b) Investments in Colombia, Paraguay and Uruguay
On April 28, 2006 PETROBRAS concluded the purchase of the assets of Shell in Colombia, relating to the fuel distribution and commercialization. The acquisition comprises 39 service stations and convenience shops in Bogotá and surrounding areas, storage base and lubricant mixing plant in Puente Aranda, and one terminal in Santa Marta.
The service stations shall operate as of the date of acquisition, under the responsibility of PETROBRAS, which bend shall be changed, in six months. Within this period, the visual of all the stations will show PETROBRAS pattern.
The Company paid US$140 for this acquisition that is part of a package involving the assets of Shell in Paraguay and in Uruguay. The total amount of the investments will be known as soon as negotiations in those three countries are concluded.
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: June 28, 2006
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