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Brazil's Brava Energia receives offers for onshore, shallow water assets
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Brazil's Brava Energia receives offers for onshore, shallow water assets
Jan 10, 2025 10:56 AM

SAO PAULO, Jan 10 (Reuters) - Brazilian energy company

Brava Energia said on Friday it had received

proposals from companies interested in buying assets from its

onshore and shallow water portfolio, without providing further

details.

"The company will analyze the proposals ... and will keep

its investors and the market in general duly informed," Brava

added in a securities filing.

According to a person familiar with the matter, Brava has

received five proposals for its onshore assets.

Each proposal varies, requiring some time for analysis.

However, the company aims to finalize the sale before the second

half of the year, the person added.

The combined value of all Brava's onshore assets is

currently estimated at around $2 billion, according to the same

source.

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