Petrobras mulls giving up control of fuel distribution unit: Reuters

Brazil's state-controlled oil company Petróleo Brasileiro SA is considering selling control of fuel distribution unit BR Distribuidora SA after bidders failed to emerge for a minority stake, sources told Reuters. BR Distribuidora, recently estimated at US$10 billion in value, has drawn bids from private equity firms and other investors, including Canada's Brookfield Asset Management, GP Investments and Advent International, one source said.

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