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Report: Petrobras may replace fuel unit CEO

  • Petrobras (NYSE:PBR) plans to replace the head of fuel distribution subsidiary BR Distribuidora ahead of an initial public offering plan for the unit this year, Valor Economico reports.
  • According to sources, Petrobras Chairman Murilo Ferreira, who on August 8 voted against BR Distribuidora's IPO plan, recommended replacing CEO José Lima de Andrade Neto.

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Petróleo Brasileiro S.A. - Petrobras