Petrobras raises $70bn in record share offering

Name: Petrobras raises $70bn in record share offering
Uploaded: 2010-09-24T08:31:36.000Z
Description: Brazil's state oil company Petrobras has raised $70bn (£44.7bn) in the world's largest public share offering.

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Brazil's state oil company Petrobras has raised $70bn (£44.7bn) in the world's largest public share offering.

The offer was oversubscribed, with sovereign wealth funds from Middle East and Asia taking part.

Paulo Cabral reports from Sao Paulo.

Business

24 September 2010