July 24, 2019 / 1:38 AM / 4 months ago

Brazil's Petrobras Distribuidora prices share offering at 24.50 reais- sources

SAO PAULO, July 23 (Reuters) - Brazil's Petrobras Distribuidora has priced its secondary share offering on Tuesday at 24.50 reais per share, two sources with knowledge of the matter said.

The offering price implies around 1% discount to the share closing price on Tuesday. Parent Petroleo Brasileiro SA is expected to raise up to 9.6 billion reais ($2.54 billion) in the offering, the sources added, asking for anonymity to discuss non-public information.

$1 = 3.7735 reais Reporting by Tatiana Bautzer and Carolina Mandl, Editing by Rosalba O'Brien

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