Petrobras Says CEF To Divest $1.86 Billion Stake

(Reuters, 10.Jun.2019) — Brazil’s state-run oil company Petroleo Brasileiro SA said Caixa Econômica Federal will sell a stake worth 7.2 billion reais ($1.86 billion) in the company, according to a securities filing on Monday.

Caixa will sell 241.3 million common shares in the oil company in a secondary offering, the filing said.

$1 = 3.8750 reais

Reporting by Ana Mano

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