BR Distribuidora: Petrobras should sell in the 2nd half

Petrobras is continuing its plans to sell the remaining slice of BR Distribuidora. According to sources, the transaction is expected to take place in the second half of this year.

It is worth remembering that the company was privatized in 2019 through a stock offering. Now, Petrobras wants to sell as much as it can from 37.5%. The company operates about 7,700 throughout the country.

As well as other negotiations that have been conducted by the Petrobras, the sale of BR Distribuidora is also part of the disinvestment of the state-owned company, which intends to sell up to $30 billion in assets by the year 2024, thereby reducing its debt. The plans had been initially paused due to the current pandemic.


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