August 25, 2017 / 6:32 PM / a year ago

Petrobras chairman sees fuel unit IPO by early December

CAMPOS DO JORDÃO, Brazil, Aug 25 (Reuters) - Petróleo Brasileiro SA expects to launch the initial public offering of fuel distribution unit BR Distribuidora SA by early December, Chairman Nelson Carvalho said on Friday.

The board of the state-controlled oil producer known as Petrobras has already selected a roster of banks and approved a series of operational procedures to meet that deadline, Carvalho said on the sidelines of a seminar hosted by B3 Bolsa Balcão Brasil SA. (Reporting by Aluísio Alves; writing by Guillermo Parra-Bernal, editing by G Crosse)

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