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SAO PAULO, June 30 (Reuters) - Brazil state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, has raised 11.36 billion reais ($2.3 billion) with the sale of its stake in fuel distributor Petrobras Distribuidora SA , one source with knowledge of the matter said.
The secondary share offering was priced at 26 reais per Petrobras Distribuidora share, with a 2.5% discount over closing price of 26.68 reais on Wednesday.
$1 = 4.9701 reais Reporting by Tatiana Bautzer; Editing by Christian Schmollinger
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FILE PHOTO: The logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
SAO PAULO (Reuters) -Brazilian state-run oil company Petroleo Brasileiro SA, known as Petrobras, said on Wednesday it raised 11.36 billion reais ($2.3 billion) in the largest share offering of the year in the country.
Petrobras divested its full remaining stake of 37.5% in its former subsidiary, fuel distributor Petrobras Distribuidora SA, in a secondary share offering that was priced at 26 reais per Petrobras Distribuidora share, the company said in a filing.
The company filing confirmed earlier information from a source with knowledge of the matter.
PETROBRAS - Petróleo Brasileiro SA (via Public) / Petrobras clarifies about the sale of stake in Petrobras Distribuidora (Form 6-K) publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
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