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    BRDT3   BRBRDTACNOR1

PETROBRAS DISTRIBUIDORA S.A.

(BRDT3)
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Petrobras Distribuidora S A : Brazil's Petrobras plans to sell $2.25 bln remaining stake in BR Distribuidora

06/11/2021 | 07:25pm EDT

BRASILIA, June 11 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA has informed fuel distributor BR Distribuidora that it plans to sell its remaining 37.5% stake in the firm in a follow-on public offering, Petrobras said on Friday in a filing.

At Friday closing prices, the full Petrobras stake is worth 11.5 billion reais ($2.25 billion).

"This operation is in line with the optimization of the portfolio and the improvement of the company's capital allocation, aiming at generating value for its shareholders," Petrobras said.

BR Distribuidora SA is Brazil's leading fuel distribution company and was privatized almost two years ago through a share offering.

($1 = 5.1165 reais) (Reporting by Anthony Boadle and Tatiana Bautzer; Editing by Richard Pullin)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PETROBRAS DISTRIBUIDORA S.A. 1.80% 29.37 End-of-day quote.32.72%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS 0.36% 27.81 End-of-day quote.-1.87%
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Financials (USD)
Sales 2021 22 342 M - -
Net income 2021 386 M - -
Net Debt 2021 1 201 M - -
P/E ratio 2021 17,2x
Yield 2021 5,67%
Capitalization 6 512 M 6 409 M -
EV / Sales 2021 0,35x
EV / Sales 2022 0,33x
Nbr of Employees 3 370
Free-Float 62,5%
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Technical analysis trends PETROBRAS DISTRIBUIDORA S.A.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 15
Last Close Price 29,37 BRL
Average target price 33,17 BRL
Spread / Average Target 12,9%
EPS Revisions
Managers and Directors
Rafael Salvador Grisolia Chief Executive Officer
André Corrêa Natal Chief Financial & Investor Relations Officer
Edy Luiz Kogut Chairman
Aspen Ricardo Andersen da Silva Director-Information Technology & Digital
Marcelo Fernandes Bragança Chief Operating, Logistics & Sourcing Officer
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