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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Brazil gov’t to buy nearly 2/3 of Petrobras offer

Posted on 29 September 2010

From Reuters: Brazil’s government, through its sovereign wealth fund and other state entities, agreed to buy nearly two-thirds of the shares in oil major Petrobras as part of the company’s massive $70 billion offering that was sealed last week.
The sovereign fund, state development bank BNDES and the National Treasury committed to buy about 2.8 billion shares of the 4.27 billion offered, Petrobras said in a statement on Tuesday……………………………………….Full Article: Source

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