Queiroz Joins Oil IPO Pipeline

Queiroz Joins Oil IPO Pipeline

Brazil Equity

Queiroz Galvao Exploracao e Participacao, the oil E&P unit of Brazilian construction group Queiroz Galvao, has filed to list in Brazil. It does not yet indicate timing or size, though is expected to be similar in scale to the recent HRT IPO and the upcoming Karoon Brasil IPO, and raise north of $1bn equivalent. Queiroz differs from those 2, though, in that it is already operating, claiming to be the largest private-sector E&P operator in Brazil. It generated BRL225.1m in Ebitda through the first

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