|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.28 - 8.63|
|52 Week Range||6.96 - 11.77|
|PE Ratio (TTM)||-20.31|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Citigroup Inc (C.N) and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said. Petrobras (PBR.N), as Brazil's state-controlled oil company is known, is considering whether to list BR Distribuidora SA in São Paulo and New York, where a growing number of investors have shown interest on the transaction, said the person, who spoke on Thursday and asked for anonymity in order to discuss the plan freely. Petrobras has stuck with Citigroup's investment banking unit since the idea of an IPO for BR Distribuidora was first floated early in 2015.
Brazilian stocks on Friday rose near six-month highs after the government renewed tax breaks on the oil industry, boosting shares of state-controlled Petróleo Brasileiro SA. According to a statement published ...
Acquisitions and deals were in focus in a sign that consolidation is picking up in the energy space.