Friday, September 24, 2010

Petrobras Raises $70 Billion in Largest Share Offering

Sept. 24 (Bloomberg) -- Petroleo Brasileiro SA, the state-controlled oil company, raised 120.4 billion reais ($70 billion) from the Brazilian government and other investors in the world’s largest share sale as it seeks cash to develop offshore fields. Bloomberg's Cecilia Tornaghi reports.(Source: Bloomberg)

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