PetroReconcavo plans sale of SPE Tiêta to KEO Capital for R$ 2.6 million

• PetroReconcavo’s October 20, 2026, plan involves selling 100% of SPE Tiêta’s quotas to KEO Capital for R$ 2.6 million.
• Before the sale, all exploration and production operating assets will transfer to NewCo, including two fields and three exploratory blocks.
• NewCo will subsequently merge into the parent, subject to approval at an extraordinary shareholders’ meeting.
• The reorganization aims to simplify the corporate structure, reduce costs and improve general and administrative expense management.
• Completion remains subject to customary closing conditions, implementation of corporate steps and regulatory approvals, including from ANP.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PetroReconcavo SA published the original content used to generate this news brief on October 21, 2026, and is solely responsible for the information contained therein.