Petrobras ' participation in BR will be sold, decides CA

The CA (Board of Directors) of Petrobras approved the model of additional sale of the participation of the state in BR Distribuidora, to be carried out through the secondary public offering of shares (follow-on). After bidding, the oil company will have its share in the subsidiary reduced to less than 50%. Today, the company owns 71% of the distributor's capital.

The process of disinvestment is subject to the approval of the internal organs of Petrobras, especially the operations that involve the price and percentage of the shares to be offered, in addition to the analysis and authorization of the regulatory bodies, within the terms of the legislation.

BR Distribuidora is one of the largest assets of Petrobras, being the leader of fuel distribution in the country, with more than 7,700 stations scattered throughout Brazil, besides also acting with convenience franchises BR Mania and Lubrax +. In the B2B market (when the target audience is other companies), its portfolio includes about 14000 customers in segments such as aviation, transportation, chemicals, supply house and energy.

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