Saturday, September 25, 2010

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OIL * Brazil - Offers of Shares in Petrobras: Raise u $ s 67 billion

Petrobras, the national oil company Brazil, announced the largest sale of stake in world history corporate

San Pablo, SP, Brazil - Financial Times (UK) by Jonathan Wheatley -24 September 2010: ... Of shares worth about $ 42.5 billion dollars will go to the Brazilian government, majority shareholder of the company, in exchange for the rights to 5 billion barrels of oil in the newly discovered offshore oil fields in Brazil. Reservoir rock, and hard penetration under the layer of salty sea ... The person said the government would also purchase additional shares, but declined to say how many ... The sale seems to ensure that the government owns a larger share of Petrobras before suscepción ... Guido Mantega, Minister of Finance Brazil, said Friday morning that the government's stake in Petrobras would increase from 40 percent to about 48 percent after the offer ... The negotiation of the new shares will begin on Friday in the NYSE and Monday the BM & FBovespa in San Pablo ... (Photo: Brasilia, March 10, 2010: Petrobras confirms that discovered oil in the seas of coast of San Paulo and Holy Spirit)

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