11.10.2010 - Petrobras represents 80pct of Brazil sovereign fund, Estado says
From Bloomberg: Petroleo Brasileiro SA shares account for 80 percent of assets in Brazilís sovereign wealth fund after the state-controlled companyís $70 billion stock offering last month, O Estado de S. Paulo reported. Of the fundís 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 countryís securities regulator, known as CVM...........................................Full Article: Source
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