BR Distribuidora goes private after US$2.2 billion Petrobras issuance

Linklaters in New York and São Paulo and Lefosse Advogados in São Paulo have helped Petrobras sell its controlling stake in fuel retailer BR Distribuidora as privatisations gain momentum in Brazil.

BR Distribuidora goes private after US$2.2 billion Petrobras issuance Credit: iStock.com/alffoto

BR Distribuidora also relied on both firms for the offering. The underwriters hired Davis Polk & Wardwell in São Paulo and New York and Pinheiro Guimarães in São Paulo. The deal closed on 29 July.

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