Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
May 12 2021 - 6:07AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 6-K
Report of Foreign Private
Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange
Act of 1934
For the month of
May, 2021
Commission File Number
1-15106
PETRÓLEO BRASILEIRO
S.A. – PETROBRAS
(Exact name of registrant
as specified in its charter)
Brazilian Petroleum
Corporation – PETROBRAS
(Translation of Registrant's
name into English)
Avenida República
do Chile, 65
20031-912 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal
executive office)
Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form
40-F _______
Indicate by check mark
whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Petrobras on agreement with Companhia de Eletricidade
do Amapá
—
Rio de Janeiro, May 11, 2021 – Petróleo
Brasileiro S.A. – Petrobras informs that it has signed with the Companhia de Eletricidade do Amapá (CEA), a legal agreement
for the termination of litigation and credit recovery by Petrobras, recognized in the amount of R$ 314 million.
The agreement establishes the payment to Petrobras
of R$ 132.6 million unconditionally, to be settled in 24 successive monthly installments (sub credit A). A discount will be granted on
the remaining amount of R$ 181.4 million, which was also divided into 24 successive monthly installments (sub credit B), provided that
the payments are made on time. For each settled installment of sub credit A, the CEA will receive a bonus corresponding to one installment
of debt sub credit B. In case of default, as provided in the agreement, Petrobras may demand all the outstanding installments of both
debt subcredits.
The agreement is subject to the following suspensive
conditions: success of the bidding process for the privatization of the CEA, which is expected to occur until 06/30/2021, and transfer
of the CEA's shareholding control until 12/31/2021. Once these conditions are met, the agreement will generate a positive effect on the
consolidated result of Petrobras of R$132.6 million, without considering the tax effects.
The historical credit was already provisioned as
a loss in the Financial Statements for the year ended December 31, 2020, presented in note 14 of Trade and Other Receivables.
The negotiation was conducted by the National Bank
for Economic and Social Development - BNDES, which is responsible for executing and following up CEA's privatization process, coordinating
the negotiation with the concessionaire's creditors.
Petrobras understands that this agreement will anticipate
the receipt of the credit and reduce costs associated with the continuation of disputes, providing savings of resources.
www.petrobras.com.br/ir
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
| Investors Relations
email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. República do Chile, 65 – 1803 –
20031-912 – Rio de Janeiro, RJ.
Tel.: 55 (21) 3224-1510/9947 | 0800-282-1540
This document may contain forecasts
within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading
Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes",
"expects", "predicts", "intends", "plans", "projects", "aims", "should,"
and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore,
future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information
included herein.
SIGNATURES
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: May 11, 2021
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Rodrigo Araujo Alves
______________________________
Rodrigo Araujo Alves
Chief Financial Officer and Investor Relations
Officer
Petroleo Brasileiro ADR (NYSE:PBR)
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