Petrobras sells off a majority share of its distribution branch

Friday, July 26th 2019 - 09:49 UTC

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Brazilian oil giant Petrobras says it’s already sold off its majority share in its fuel distribution branch, and hopes the total sale will raise about US$ 2.5 billion. Petrobras said on Wednesday it now has a 41.25% stake in the Petrobras Distribuidora unit, down from the 70% before the sale started Tuesday. Read full article

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If they can't show +ve results; there is no point in going on tending a herd of White Elephants.
Jul 28th, 2019 - 11:44 am - Link - Report abuse 0
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