Petrobras Stake Trimmed by Brazil’s BNDES to 15.9%, via Market Sales

Petrobras disclosed a reduction in beneficial ownership by BNDES and BNDESPAR in a Schedule 13D/A filing on July 21, 2026.

The reporting entities decreased their holdings of preferred shares through open market sales.

Combined ownership fell from 916,700,003 to 865,743,903 preferred shares.

The new total represents approximately 15.90% of the company's outstanding preferred shares.

This percentage is based on the number of shares outstanding as of March 31, 2026.