HRT Taps Petrobras Equity Gap

Oct 22, 2010

Brazilian E&P company HRT Participacoes has raised BRL2.62bn in an IPO. It takes advantage of demand from Brazilian oil investors looking to diversify away from Petrobras, whose stock has dipped since its $70bn September capital raise. “This sector is at a very important moment, but the question of Petrobras has been very negative” says...

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