Petrobras hires Citigroup, Itaú for unit IPO -Estado newswire
July 17, 2015 at 17:00 PM EDT
SAO PAULO, July 17 (Reuters) - State-controlled Petróleo Brasileiro SA hired a group of five banks to handle the initial public offering of its fuel distribution business, which could sell up from 25 percent of the unit to investors, the newswire service of O Estado de S. Paulo newspaper said on Friday.