In a securities filing distributed early on Friday, Petrobras said the listing of BR Distribuidora would depend on global and domestic market conditions. Petrobras will pursue all the necessary authorizations from securities industry watchdog CVM as well as other regulatory agencies to carry out the transaction, the filing said.
Petrobras did not specify terms of the transaction or a potential timetable in the filing. But the timing of the announcement, which coincided with the release of Petrobras’ second-quarter results, suggests the company could price the offering as early as October.
Brazil Energy Insight 
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