Petrobras hires banks to sell 37% of BR

Petrobras has just selected the bank union that will structure BR Distribuidora's subsequent proposed follow on, which is expected to take place next month. The supply, the second in less than a year, is expected to involve the remaining share of the oil company in the fuel network of about 37%. Meetings with banks were held last year. In the market, the privatization of BR was pointed out as a model to be followed: it was all made in the capital market and sprayed the capital.