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Itausa Rules Out Offer for BR Distribuidora Stake

Posted by July 18, 2017

 Brazilian holding company Itausa Investimentos Itau SA is no longer interested in competing for a stake in BR Distribuidora, the fuel distribution unit of state-run oil company Petroleo Brasileiro SA, Itausa said Tuesday.


In a statement, Itausa said it would continue to analyze opportunities to acquire stakes of other companies.

(Writing by Silvio Cascione)

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