News
07 February 2020

BNDES raises $5.2bn selling Petrobras stake

In:
Oil & gas
Region:
Americas

Brazil’s development bank BNDES has sold $5.2 billion in common shares it owned in state-controlled oil company Petrobras, two sources said.Petrobras priced the offering at BRL30 per common share, a discount of 1.57% relative to Wednesday’s closing price. BNDES sold BRL22 billion in...

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