Brazil’s Petros Ups Stake In Marcopolo

Brazil’s Petros Ups Stake In Marcopolo

Brazil Equity Funds

Petros, the employee pension fund unit for Brazil’s oil company Petrobras, has increased its position in Brazilian bus maker Marcopolo to 15% of the preferred shares. Though Petros does not disclose the specific size of the increase, its new position represents 41.6m preferred shares, which would be worth BRL321.9m ($180.25m) at Monday’s BRL7.73 closing price. Officials at Petros and Marcopolo could not immediately be reached for comment or additional details late Monday. This increase

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