Petrobras sells 64 bln dlrs of stock to fund oil search
Brazil's Petrobras unveiled one of the world's biggest share offerings, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
An oil platform off the coast of Brazil. Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
The transaction could be expanded to 74 billion dollars if there was heavy demand, the state-run company said.
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About the author
- Writer: AFP News agency
- Position: Agence France-Presse
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