Itausa Rules Out Offer for BR Distribuidora Stake
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)
