(Reporting by Bruno Federowski; Editing by Bernadette Baum) Petróleo Brasileiro SA plans to sell a 25 percent to 40 percent stake in its fuel distribution unit. The operation hasn’t been finalised yet and will depend on conditions in domestic and international capital markets. The state-owned oil company has been selling assets, trimming staff and implementing cost cuts to weather persistently low oil prices, and is planning to raise $ 21bn through 2018 from asset sales to help reduce the largest debt of any publicly-traded oil company. BR Distribuidora controls the largest gasoline station network in Brazil , with more than 1,000 units and about 8,000 convenience stores.
Petróleo Brasileiro SA plans to sell a 25 percent to 40 percent stake in its fuel distribution unit. The operation hasn’t been finalised yet and will depend on conditions in domestic and international capital markets. The state-owned oil company has been selling assets, trimming staff and implementing cost cuts to weather persistently low oil prices, and is planning to raise $ 21bn through 2018 from asset sales to help reduce the largest debt of any publicly-traded oil company. BR Distribuidora controls the largest gasoline station network in Brazil , with more than 1,000 units and about 8,000 convenience stores.