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Stock impact report

Brazil's BR Distribuidora launches share offering to sell Petrobras stake [Financial Post (Toronto, Ontario, Canada)]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Financial Post
Article content The offering will be priced on June 30, and managed by Bank of America Corp, Citigroup Global Markets, Goldman Sachs Group Inc, Itaú BBA and JP Morgan Chase & Co , along with Morgan Stanley and XP Investimentos , it said. Alberta's oilsands giants plan to get to net-zero carbon emissions Petrobras is selling the assets to raise money and reduce its debt burden. The oil company said last Friday it had informed BR Distribuidora of its plan to sell its remaining 37.5% stake in the firm in a follow-on public offering. “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 then in a filing. BR Distribuidora is Brazil's leading fuel distribution company and was privatized almost two years ago through a share offering. (Reporting by Anthony Boadle; Editing by Jacqueline Wong) Advertisement Article content Share this article in Show less Read more
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