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

Petrobras represents 80pct of Brazil sovereign fund, Estado says

Posted on 11 October 2010

From Bloomberg: Petroleo Brasileiro SA shares account for 80 percent of assets in Brazil’s sovereign wealth fund after the state-controlled company’s $70 billion stock offering last month, O Estado de S. Paulo reported.

Of the fund’s 18 billion reais ($10.8 billion), 90 percent is invested in shares of state companies such as Petrobras, as the oil producer is known, Sao Paulo-based Estado said, citing data from the country’s securities regulator, known as CVM…………………………………….Full Article: Source


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