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This excerpt taken from the PBR 6-K filed Aug 19, 2005. c) Purchase of shareholdings in TermoRio In February 2005, the arbitration process of TERMORIO started in December 2003 was completed in connection with payment of US$ 83 million to NRG and eventual transfer of shares held by NRG to PETROBRAS. Therefore, PETROBRAS became 100% holder of TermoRio's shares. |
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