UPDATE 1-Petrobras to seek regulatory approval for fuel unit IPO

August 7, 2015 5:08 AM

38 0

* Fuel unit IPO would depend on market conditions (Recasts; adds potential valuation throughout, detail)

SAO PAULO Aug 7 (Reuters) - The board of Petróleo Brasileiro SA has approved a plan to seek regulatory permission for an initial public offering of the state-controlled oil producer's fuel distribution unit, weeks after hiring the banks that will handle the deal.

Also read: Hong Kong CKI makes $5.4 billion bid for Australian energy Duet Group

Read more

To category page