Petrobras approves IPO of BR Distribuidora

At a meeting held by the Board of Directors of Petrobras was approved the IPO of the wholly-owned subsidiary Petrobras Distribuidora S.A. (BR), which will be conducted through secondary public offering of shares.

According to the State-owned, all acts required for the offer will be subject to the approval of your internal organs and BR Distribuidora, as well as analysis and approval of their respective regulators entities, in accordance with applicable law.

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