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3 Min Read RIO DE JANEIRO - Brazil’s state-controlled oil producer Petroleo Brasileiro SA is considering selling its remaining stake in gas station chain BR Distribuidora if its stock recovers to 26 reais a share, three people with knowledge of the information said. FILE PHOTO: A logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo For the first time since the COVID-19 pandemic stalled the sale process, Petrobras has agreed on a target stock price range for the sale of its 37.5% stake, worth 10.3 billion reais ($1.9 billion), considering its current market price.

Rio de janeiroEstado do rioUnited statesLisa shumakerRoberto castello brancoWilson ferreira jrSabrina valleThomson reuters trust principlesPetroleo brasileiroBrazil octoberWilson ferreiraLatin americaChief executive roberto castello brancoThomson reuters trustCommodities news 3rd partyCompany news