PBR » Topics » c.1) Sale of shareholding in a power company in Argentina

This excerpt taken from the PBR 6-K filed Nov 21, 2007.

c.1) Sale of shareholding in a power company in Argentina

Compañia Inversora em Transmisión Eléctrica S.A. (Citelec)

On July 19, 2007, the Board of Directors of Petrobras Energia S.A. - PESA approved the sale of its interest (50%) in Compañia Inversora em Transmisión Eléctrica S.A. (Citelec) to Energia Argentina S.A. (ENARSA) and Electroingeniería S.A., in equal parts.

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