Finance

Petrobras to exit fuel distribution business via $2.3bn stock offering

Brazilian oil company pushes forward with asset sale to raise cash to invest in upstream portfolio

Fuels exit: a logo of Brazil's state-run oil company Petrobras is seen at their headquarters in Rio de Janeiro, Brazil
Fuels exit: a logo of Brazil's state-run oil company Petrobras is seen at their headquarters in Rio de Janeiro, BrazilPhoto: REUTERS/SCANPIX
Rio de Janeiro
BrazilPetrobrasBR DistribuidoraAmericasSouth America
Published 18 June 2021, 13:40Updated 18 June 2021, 13:40