Saturday, Feb 22, 2020
International Finance

Category : Oil & Gas

Petrobras hires 7 banks to sell stakes in fuel distribution unit

Pritam Bordoloi
Brazil’s state-owned oil company Petrobras has hired seven investment banks to help sell its stakes in its fuel distribution unit, Petrobras Distribuidora. The seven investment banks hired by Petrobras are Morgan Stanley, JPMorgan Chase, Goldman Sachs Group, Itau Unibanco, XP, Bank of America and Citgroup. According to media reports, Petrobras will sell 37.5 percent interest...