Petrobras revives plan for IPO of fuel distribution unit

Petróleo Brasileiro SA (PETR4.SA) is reviving an initial public offering of fuel distribution unit BR Distribuidora to cut the Brazilian state-controlled oil company's debt and investment in low-return activities, Chief Executive Officer Pedro Parente said on Thursday. Pedro Parente said at an event in São Paulo that a proposal would be delivered for board approval... Continue Reading →

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