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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Petrobras to float the World’s largest share offering

Posted on 20 September 2010

From Livetradingnews.com: Petrobras, the Brazilian energy company, increased the size of its share issue by more than US$6B to as much as US$78bln. The World’s largest share offering grew even bigger on Friday when fueling speculation that an Asian sovereign wealth fund was interested.
Petrobras’ increased offer came even though its stock price has fallen almost 30% this year. It looks like at a positive sign meaning there is a big buyer out there like a sovereign wealth fund that has expressed interest……………………………………….Full Article: Source


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