Petrobras prepares to offer shares of BR distributor

Petrobras reported that it protocoled to the Securities Commission (CVM) documents related to the public offer of secondary distribution of shares of BR Distributor, a subsidiary of fuel distribution.  The sales price of the shares shall be fixed after the determination of the outcome of the procedure for collecting investment intentions with institutional investors, to be held in Brazil and abroad also.

As already reported by the Offshore Panorama, the board of Directors of Petrobras approved the opening of capital of BR distributor in July this year. BR is one of the most valuable asset of the state, being a leader of fuel distribution in Brazil with about 8000 stations across the country.

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