This excerpt taken from the PBR 6-K filed Apr 28, 2006.
Petrobras concluded acquisition of Shells assets in Colombia
(Rio de Janeiro, April 28, 2006). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that concluded on April 28th the acquisition of Shells assets in Colombia associated to fuel distribution and trading. The acquisition comprises 39 service stations and convenience stores in Bogotá and surroundings; a storage base and a lubricants mixing plant in Puente Aranda, besides a terminal in Santa Marta.
The service stations will operate, as of this day, under Petrobras responsibility. Shells flag will be replaced within a six-month-term, when the image of all stations shall be in accordance with Petrobras standards. All the current labor force will be used.
Petrobras has been operating in Colombia since 1972. In 2000, it made the biggest discovery registered within the last 15 years in the country, when it discovered oil in the Guando Field. In 2004, it enlarged even more its participation in the Colombian energy sector when it entered into an agreement for exploring Tayronas giant block, in deep waters. It launched, in July 2005, Petrobras lubricants line Lubrax.
This deal is part of a package that also comprises purchases in Paraguay and Uruguay, in an operation totalizing around US$ 140 million. The total investment shall be known after the business has been concluded in all three countries.
This operation is aligned with Petrobras Strategic Plan with a view to consolidate itself as an integrated energy company besides acting with strong international representation and exert leadership in Latin America.
Petróleo Brasileiro S.A PETROBRAS
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: April 28, 2006
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