(Source: wsj.com)

Brazilian state-run energy firm Petróleo Brasileiro SA said Wednesday it may look to sell off part of its Petrobras Distribuidora SA distribution unit in an effort to cut towering debt.

Petrobras said options include searching for a strategic partner for the subsidiary or selling its shares on the Brazilian stock exchange. In the latter case, the shares would be issued through a secondary offering by the parent company, which is publicly traded.

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