PetroReconcavo Joins IPO Pipeline

PetroReconcavo Joins IPO Pipeline

Brazil Equity

PetroReconcavo, a Brazilian E&P company with onshore wells in the state of Bahia, plans to go public, according to a preliminary prospectus. The issuer plans to include both primary and secondary shares, and has not given details as to the size or timing of the sale. US-based E&P operation PetroSantander, a 50% owner of PetroReconcavo, is listed as a selling shareholder in the secondary portion. Another 25% is held by Brazilian E&P company Perbras, a founder along with PetroSantander, and the re

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