BLOOMBERG/ Petrobras chief Jose Sergio Gabrielli wants to tap global demand for a new $25 billion share sale by opening the offer to new investors. Petrobras shares fell after he announced change of plans because there are doubts that the government will invest if demand falters. Gabrielli said that investors are...“looking for Petrobras right now." The sale will now be “public, it’s going to be open to everybody. We think there is no problem in demand.” Gabrielli said Petrobras will do a traditional stock issue by end-July if Congress fails to approve the plan, despite the limited success of 5 recent public offerings.
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