Petrobras Energy Company And Fashion Industries

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 ...
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