Petrobras Energy Company and Fashion Industries

Brazilian energy giant Petroleo Brasileiro SA, better renowned as Petrobras (NYSE.PBR), shattered previous share sale record by raising nearly $70 billion from the share sale and verified its critics, who warned that the company's proposing will not draw investors because of high government leverage, wrong. The Rio de Janeiro-based company said, Thursday, it will sell 2.29 widespread shares for BRL29.65 each - or the fraction underneath Thursday's stock market closing cost - and has cost 1.79 billion favoured stock at BRL26.30 each. That also includes American Depositary Receipts, each representing two voting shares, which were cost ...