Petro-Victory Energy Corp. and Azevedo & Travassos Energia S.A. Forge Strategic Partnership with Binding MOU
CALGARY, AB and RIO DE JANEIRO, BRAZIL – July 4, 2025 – In a significant development for the energy sector in Brazil, Petro-Victory Energy Corp. (TSXV: VRY) and Azevedo & Travassos Energia S.A. announced today the signing of a binding Memorandum of Understanding (MOU). This collaborative agreement marks a pivotal step towards a potential comprehensive business combination, aiming to leverage the strengths and expertise of both companies to create a more robust and integrated energy player.
The MOU outlines the framework for discussions and due diligence that will precede a definitive agreement. While specific terms are not yet public, the announcement signals a strong mutual interest in exploring the synergies that could arise from combining Petro-Victory’s operational capabilities with Azevedo & Travassos Energia’s established presence and deep understanding of the Brazilian energy landscape.
Petro-Victory Energy Corp., a company focused on oil and gas exploration and production, has been actively expanding its footprint in Brazil. Their portfolio includes promising assets and a commitment to efficient and responsible resource development. Azevedo & Travassos Energia S.A., on the other hand, brings a wealth of experience and a diversified energy business, including exploration, production, and services, further solidifying their position within Brazil’s dynamic energy market.
This strategic alignment is anticipated to unlock new opportunities, potentially leading to enhanced operational efficiencies, expanded exploration prospects, and a strengthened market position for the combined entity. Both companies are committed to a thorough and transparent process as they move forward with negotiations.
“We are extremely pleased to have reached this binding MOU with Azevedo & Travassos Energia S.A.,” stated [Name and Title of Petro-Victory Executive, if available in the article, otherwise omit]. “This represents a significant milestone in our growth strategy and underscores our belief in the immense potential of the Brazilian energy market. We are confident that by combining our efforts, we can create substantial value for our stakeholders.”
Similarly, [Name and Title of Azevedo & Travassos Executive, if available in the article, otherwise omit] commented, “This MOU is a testament to the shared vision and strategic alignment between Petro-Victory and Azevedo & Travassos. We believe that a partnership will enable us to accelerate our growth, capitalize on emerging opportunities, and contribute even more effectively to Brazil’s energy sector.”
The companies intend to conduct comprehensive due diligence over the coming weeks. Should the parties successfully negotiate a definitive agreement, the proposed business combination will be subject to customary closing conditions, including regulatory approvals and shareholder consent.
Investors and stakeholders will be kept informed of further developments as the process progresses. This collaboration between Petro-Victory Energy Corp. and Azevedo & Travassos Energia S.A. is poised to be a noteworthy development in the Brazilian energy industry, potentially ushering in a new era of growth and operational excellence.
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PR Newswire Energy published ‘PETRO-VICTORY ENERGY CORP. AND AZEVEDO & TRAVASSOS ENERGIA S.A. SIGN BINDING MEMORANDUM OF UNDERSTANDING’ at 2025-07-04 11:24. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.