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Petrobras Board approves the sale of up to 40% of the shares of BR Dirtribuidora

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Petrobras Board of Directors approved the opening of the capital of BR Distribuidora, with the offer of 25% to 40% of the shares on the stock exchange.

Operation is part of the asset sales plan with which the state-owned company intends to raise 21 billion dollars by the end of 2018. The company expects to make the offer of shares until the end of this year.

BR is seen by the market with one of the main operations of Petrobras, next to the pipeline network of the Northeast and the part of the state in the petrochemical company Braskem.