Petrobras Plans to Raise $75 Billion in Biggest Sale

September 3, 2010 – 9:32 pm

Petroleo Brasileiro SA, Latin America’s largest company by market value, plans to raise as much as 129 billion reais ($75 billion) in the world’s largest share sale as it seeks cash to develop offshore oil fields. The shares rose 4.4 percent for the biggest gain since May.
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