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PBR » Topics » 30.4 New investments in Chile

This excerpt taken from the PBR 6-K filed Nov 19, 2009.

30.4 New investments in Chile

On November 4, 2009 an agreement was signed for the purchase for US$ 12 million of Chevron Chile S.A.C, which produces and sells lubricants of the Texaco brand in Chile.

Chevron Chile S.A.C. is a Chilean company that has a plant located in Santiago, with a production capacity of 15,900 m³ per year and a share of approximately 6% of the Chilean finished lubricants market.

This acquisition has consolidated the Company's presence in the fuel and lubricants distribution segment in Latin America, where, in addition to Brazil, the Company already operates in Argentina, Colombia, Paraguay, Chile and Uruguay through a network of more than 1.200 service stations.

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