RIO DE JANEIRO, BRAZIL – Petrobras has sold, on Wednesday, July 24th, 35 percent of Brazil’s biggest service station chain, BR Distribuidora, for US$ 2.5 billion (R$ 9.6 billion), to 160 investors from different countries, such as the United Kingdom, Canada, and the United States.
The Rio-based oil giant kept with 37 percent of the share capital of BR Distribuidora, which is becoming a private company.
The Rio-based oil giant still holds 37 percent of the share capital of BR Distribuidora, which is now becoming a privately owned company.
The banks involved in the operation are Merril Lynch, Citi, Credit Suisse, JP Morgan, Santander, Itaú, and XP.
The privatization of BR Distribuidora will provide billions of cash to Petrobras and is likely to double its share liquidity. It is the biggest stock offering since April 2015 and the largest deal in the new administration’s effort to sell state-owned enterprises via capital markets.
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$136.62B
Market cap
Analyst target $22.38
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.38 · +30% vs 200-day
Valuation & profitability
Market cap$136.62B
Revenue (TTM)$548.49B
P / E ratio5.4
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $21.59
Beta (volatility)-0.21
200-day average$17.24
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield17.2%
Payout ratio28.3%
Fwd. annual$1.68
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
