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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Petrobras could raise up to $79 bln in the world’s biggest share offering

Posted on 30 September 2010

From Glgroup.com: Brazil’s sovereign wealth fund, state-owned national development bank BNDES and other state enterprises also bought shares as part of the record-setting Petrobras sale that totaled $70 billion, Finance Minister Guido Mantega said.
“The deal was a huge success, surpassing expectations, in an adverse moment because there still a crisis in the world,” Mantega told reporters before a ceremony to commemorate the Petrobras offer at the Sao Paulo stock exchange……………………………………….Full Article: Source


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