Brazil’s Starboard selling 18 mln shares in 3R Petroleum – report

(Reuters) – Brazilian private equity firm Starboard Partners is selling 18 million shares in oil company 3R Petroleum Oleo e Gas (RRRP3.SA) in a blocktrade, local newspaper Valor Economico reported on Tuesday, citing unnamed sources.

Starboard, which has a 21% stake in 3R Petroleum, did not immediately respond to Reuters queries about the report.

3R shares were down 4% after the auction on Tuesday morning.

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