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Brazil’s Petrobras Sells 35 Percent of its Service Station Chain for US$2.5 Billion

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 still holds 37 percent of the share capital of BR Distribuidora, which is now becoming a . . .

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