Brazil Oil IPO Pushed Back

Brazil Oil IPO Pushed Back

Brazil Equity Australia

Karoon Gas Australia has pushed back the IPO of its Brazilian unit a week, to November 18 from November 10, the company says. Karoon’s Australian shares were placed on trading halt on Wednesday as it awaited results from a well being drilled by Petrobras, its partner in a Brazilian JV. Bankers on the deal say the company wants to list the Karoon Petroleo e Gas unit after the well results are announced. The deal would raise BRL1.18bn if priced at its BRL1,150 midpoint. Karoon is set to offer 1.03

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