The shares trade on the São Paulo Stock Exchange

Davis Polk advised the respective agents of the Brazilian underwriters in connection with the follow-on offering by Petróleo Brasileiro S.A. — Petrobras of 436,875,000 common shares of BR Distribuidora S.A. for an aggregate amount of R$11.4 billion (approximately $2.3 billion). The common shares trade on the B3 S.A. – Brasil, Bolsa, Balcão (São Paulo Stock Exchange). Common shares sold in the international offering were placed under Rule 144A and Regulation S.

Headquartered in Rio de Janeiro, Brazil, BR is the largest fuel and lubricant supplier in Brazil in terms of volume of sales.

The Davis Polk corporate team included Manuel Garciadiaz, Elliot M. de Carvalho and Hugo Casella. Po Sit provided tax advice. Members of the Davis Polk team are based in the São Paulo and New York offices.

Copy link to share post