Brazil 6

Brazil: Petrobras Board Approves IPO Plans for Main Distribution Subsidiary

On 24 July the Petrobras board of directors approved a tentative timeframe for the IPO of the company’s main distribution subsidiary, BR Distribuidora. Though precise details of the plans were not released, Brazilian media reporting on the meeting noted that the company intends to launch the IPO before the end of this year. We believe this event may…


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