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Petrobras Distribuidora approves new bylaws ahead of planned IPO

 




By Reuters Staff

BRASILIA
Petroleumworld 09 06 2017

BR Distribuidora SA, the fuel distributing unit of Brazil's state-controlled oil company Petróleo Brasileiro SA, approved new bylaws ahead of a planned initial public offering, the company said in a statement on Tuesday.

BR Distribuidora will have its shares listed on Brazil's strictest listing market segment after the offering, Petrobras, as the company is commonly know, said in a statement. The IPO is has been expected by early December.



Reporting by Silvio Cascione from Reuters.

reuters
.com
09 05 2017

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