UPDATE 1-Petrobras management urges board to delay unit IPO, source says
August 27, 2015 at 12:18 PM EDT
RIO DE JANEIRO, Aug 27 (Reuters) - Management at state-controlled Petróleo Brasileiro SA has urged the company's board to delay a planned initial public offering of its fuel distribution unit as market conditions soured, a person with direct knowledge of the situation said on Thursday.
