June 7, 2019 / 9:56 PM / 3 months ago

Petrobras files request to sell shares in fuel distribution unit -filing

SAO PAULO, June 7 (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA, or Petrobras, has filed a request with Brazilian regulators to sell shares it owns in fuel distribution unit BR Distribuidora SA, according to a securities filing released on Friday.

Petrobras has a 71% stake in BR Distribuidora , Brazil’s largest fuel distribution company. Petrobras said recently it planned to reduce that stake to less than 50%. No other details, including share pricing, were disclosed. (Reporting by Marcelo Teixeira Editing by Tom Brown)

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