Petrobras to acquire remaining 70% of Logum

Available on EDGAR 11/12/2026 - 06:21 AM EST Accepted by SEC EDGAR 11/12/2026 - 06:21 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

PETROBRAS (PBR) agreed to acquire the remaining 70% of Logum Logística S.A. for R$ 620 million; it already owns 30% and would own 100% after completion. The remaining stake is held by Raízen Energia S.A., Copersucar S.A. and Uniduto Logística S.A.

Payments are R$ 300 million at closing, R$ 160 million after 12 months and R$ 160 million after 24 months. The amounts are subject to price adjustments under the agreement, and completion is subject to its conditions, including approval by Brazil’s Administrative Council for Economic Defense (CADE).

Logum operates more than 1,000 km of pipelines and transported approximately 5 million cubic meters of products during the 2025–2026 harvest. PETROBRAS says the transaction aligns with its plan to expand into renewable and low-carbon energy businesses and that integrating Logum’s network into its system could create additional value.

Key Figures

Remaining stake to acquire: 70% Ownership after completion: 100% Total acquisition price: R$ 620 million +5 more

8 metrics

Remaining stake to acquire 70% Logum

Ownership after completion 100% PETROBRAS's stated ownership upon completion

Total acquisition price R$ 620 million For the remaining 70% stake

Closing installment R$ 300 million Payable at closing

Installment R$ 160 million Payable after 12 months

Installment R$ 160 million Payable after 24 months

Pipeline network More than 1,000 km Logum's operating network

Products transported Approximately 5 million cubic meters During the 2025–2026 harvest

Key Terms

price adjustments, operational synergies, emissions intensity, logistics corridor

4 terms

price adjustments financial

"subject to the price adjustments set forth in the agreement"

operational synergies technical

"generates significant operational synergies"

emissions intensity technical

"lower emissions intensity"

Emissions intensity measures how much greenhouse gas a company releases for each unit of output — for example, tons of CO2 per dollar of revenue, per megawatt-hour of electricity, or per ton of product. Investors treat it like a fuel-efficiency rating: lower intensity means a business creates less pollution for the same output, which can signal lower regulatory, operational and reputational risks and potential cost advantages over time.

logistics corridor technical

"the country’s main ethanol logistics corridor"

A logistics corridor is a designated route or pathway that facilitates the efficient movement of goods, often spanning regions or countries. It acts like a well-organized highway for shipments, helping businesses transport products quickly and reliably. For investors, logistics corridors can signal improved trade connections and economic growth, potentially boosting the value of related infrastructure and industries.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is PETROBRAS paying for Logum?

The total acquisition price is R$ 620 million. Payments are R$ 300 million at closing, R$ 160 million after 12 months and R$ 160 million after 24 months; the amounts are subject to price adjustments under the agreement.

What stake in Logum is PETROBRAS acquiring?

PETROBRAS agreed to acquire the remaining 70% of Logum, which would bring its ownership to 100% upon completion. PETROBRAS already holds 30%; the remaining stake is held by Raízen Energia S.A., Copersucar S.A. and Uniduto Logística S.A.

What approval is required for the PETROBRAS-Logum transaction?

Completion is subject to the conditions in the purchase and sale agreement, including approval by Brazil’s Administrative Council for Economic Defense (CADE).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 November, 2026

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 Henrique Valadares, 28 – 9th floor 
20231-030 – 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 enters into agreement to acquire 100% of Logum

—

Rio de Janeiro, November 12, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has entered into an agreement to acquire the remaining 70% stake in Logum Logística S.A. (Logum), currently held by Raízen Energia S.A. (30%), Copersucar S.A. (30%) and Uniduto Logística S.A. (10%). Petrobras already holds the other 30% stake in Logum and, upon completion of the transaction, will hold 100% of the company.

The total acquisition price will be R$ 620 million, payable in three installments as follows: R$ 300 million at closing; R$ 160 million after 12 months; and R$ 160 million after 24 months. The amounts are subject to the price adjustments set forth in the agreement.

The acquisition offers attractive economic and financial conditions for Petrobras, considering the growth of the ethanol market, particularly the expansion of corn ethanol production in Brazil’s Center-West region. The transaction positions Petrobras in the country’s main ethanol logistics corridor.

The transaction also generates significant operational synergies by enabling the integration of Logum’s pipeline network into the Petrobras System, with the potential to create additional value from the company’s logistics assets. Logum’s infrastructure connects major production hubs in Brazil to Petrobras’ logistics network and the Ilha d’Água port terminal.

The project is aligned with Petrobras’ Business Plan, which provides for expansion into renewable and low-carbon energy businesses, contributing to the profitable diversification of the company’s portfolio. Pipeline transportation stands out for its logistics efficiency and lower emissions intensity. By way of comparison, transporting 1 million cubic meters per year by pipeline is equivalent to removing approximately 80 trucks from the roads each day. During the 2025–2026 harvest, Logum transported approximately 5 million cubic meters of products.

Completion of the transaction is subject to the satisfaction of the conditions set forth in the purchase and sale agreement, including approval by Brazil’s Administrative Council for Economic Defense (CADE).

About Logum

Logum is a privately held corporation headquartered in Rio de Janeiro, Brazil. Its corporate purpose includes the transportation, handling and storage of ethanol, petroleum products and other biofuels.

The company operates a pipeline network of more than 1,000 km and terminals in Uberaba (Minas Gerais), Ribeirão Preto (São Paulo) and Paulínia (São Paulo), which receive ethanol from production facilities across the country. The biofuel is transported by pipeline to distribution hubs in Barueri, Guarulhos, São Caetano do Sul and São José dos Campos (São Paulo state), and Duque de Caxias (Rio de Janeiro state), as well as to the Ilha d’Água maritime terminal (Rio de Janeiro state), where it is loaded onto tankers for coastal shipping and export.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations

Email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio de Janeiro, RJ.

Tel.: 55 (21) 3224-1510/9947

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: November 12, 2026

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer