Petrobras to make $2 billion capital injection into fuel distribution arm
Brazil`s state-run power company Petroleo Brasileiro said on Friday it will make a 6.3 billion real ($2 billion) capital injection into its wholly-owned fuel distribution arm Petrobras Distribuidora SA.
The money from the capital injection, approved by the board of the company, will be entirely used to prepay Petrobras Distribuidora`s debts guaranteed by Petrobras, the company said in a securities filing.
($1 = 3.1475 reais)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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