State-controlled Petróleo Brasileiro SA hired a group of five banks to handle the initial public offering of its fuel distribution business, two sources with knowledge of the plans said on Friday.
The investment-banking units of Citigroup Inc, Banco Bradesco SA, Itaú Unibanco Holding SA, Banco do Brasil SA and Grupo BTG Pactual SA were hired to handle the IPO of BR Distribuidora SA, as the unit is known, said the sources, who requested anonymity as the plan remains private.
Brazil Energy Insight 
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