Petrobras offloads Sete stake

Brazil’s Petrobras has finally offloaded its equity interest in Sete Brasil Group having announced it would do so over a year ago.

Dutch subsidiary Petrobras Netherlands has transferred to companies of Sete, for a total amount of €7, the equity interest of 15% it held in each of the Dutch special purpose companies controlled by Sete.

The companies, all rig-owning entities, are Arpoador Drilling B.V., Marambaia Drilling B.V., Grumari Drilling B.V., Copacabana Drilling B.V., Leme Drilling B.V., Leblon Drilling B.V. and Ipanema Drilling B.V.

Petrobras no longer holds any direct or indirect equity interest in the companies.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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