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Report: Petrobras may replace fuel unit CEO

|About: Petróleo Brasileiro S.A. -... (PBR)|By:, SA News Editor

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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