Petrobras raises $2.3 bln in sale of fuel distributor stake- source

  • 7/1/2021
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SAO PAULO, June 30 (Reuters) - Brazil state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, has raised 11.36 billion reais ($2.3 billion) with the sale of its stake in fuel distributor Petrobras Distribuidora SA , one source with knowledge of the matter said. The secondary share offering was priced at 26 reais per Petrobras Distribuidora share, with a 2.5% discount over closing price of 26.68 reais on Wednesday. $1 = 4.9701 reais Reporting by Tatiana Bautzer; Editing by Christian Schmollinger Our Standards: The Thomson Reuters Trust Principles.

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