JG Petrochem is coming out
NEWS RELEASE
DISPOSAL OF MATERIAL EQUITY INTEREST
Rio de Janeiro, October 17th, 2014 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), in compliance with the provisions of Article 50 of the Company’s By-laws and with the provisions of Article 12 of CVM Instruction 358/02, announces that it has received, on October 16th, a letter from JG Petrochem Participações Ltda. ("JG Petrochem"), informing that reduced its stake from 16.64% to 12.14% of the total capital stock of the Company, representing a decrease of 4.50%.
According to the information provided in the referred letter, JG Petrochem informs that: (i) it currently does not have the intention of changing the control composition of the Company; (ii) it does not hold any other rights over convertible debentures issued by the Company; and (iii) it does not take part of any agreement or contract which regulates the exercise of voting rights or the purchase and sale of securities issued by HRT.
Click here for the News Release.
For additional information, please contact HRT`s Investor Relations Department.
