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Petrobras tackles massive debt load with BR Distribuidora IPO

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Davis Polk & Wardwell LLP in New York and São Paulo and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Rio de Janeiro have helped Petrobras make an initial public offering of shares worth 5 billion reais (US$1.6 billion) in its retail and distribution arm, BR.