Petrobras CEO says Liquigás unit to be privatized in August

Roberto Castello Branco, chief executive of state oil company Petróleo Brasileiro SA , said during an event on Thursday that Liquigás is the next unit that the Brazilian oil major intends to divest.

After selling 33.75% of fuel distribution subsidiary Petrobras Distribuidora SA through a share offering this week, the company next plans to divest its gas distributor Liquigás in August, he said. ($1 = 3.8008 reais)