Petrobras dediades sale of BR Distribuidora shares

Petrobras postponed plans to sell shares of BR Distribuidora, an operation that had been authorized by the state-owned company's Board of Directors in August. The sale is part of the oil company's development program, which aims to focus investments in the exploration and production of pre-salt oil in the Rio-São Paulo axis, reducing debt from the sale of businesses of another nature. In the operation, Petrobras aims to sell its 37.5% stake in BR Distribuidora.

The state said in a statement released last Tuesday (22) that has not set the date for the launch of the public offering (known as "follow on"), and that several steps need to be fulfilled for the realization of the operation. The condition of the capital market is one of the factors that influence the operation.

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