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Brazil Oil Play Hits Top With IPO

Jun 12, 2008

Brazil oil and gas startup OGX Petroleo e Gas Participacoes has priced at the top of the range its widely anticipated $3.4bn equivalent IPO, say people close to the Bovespa transaction. OGX planned to sell 4.95m shares at a range of BRL883-BRL1,131 and it is...

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“The greatest value in the next 12 months will be combination of corporates and local currency bonds”

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