Brazil's Itausa rules out offer for BR Distribuidora stake

BRASILIA, July 18 (Reuters) - Brazilian holding company Itausa Investimentos Itau SA is no longer interested in competing for a stake in BR Distribuidora, the fuel distribution unit of state-run oil company Petroleo Brasileiro SA, Itausa said Tuesday.

In a statement, Itausa said it would continue to analyze opportunities to acquire stakes of other companies. (Writing by Silvio Cascione; Editing by Chizu Nomiyama)

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