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04 September 2010
BRASIL: Petrobras To Sell $65 Billion...Or More... Of New Stock.
BLOOMBERG/ In the world's largest public share offering, Petrobras will sell 2.17 billion common shares and 1.58 billion of preferred shares. It hopes to recoup $64.5 billion usd...that could grow to as much as $74.7 billion if there is demand. The money will finance exploitation of recently-discovered oil reserves off the coast of Rio de Janeiro.