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,"
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