Government Fund to Invest in Oil Services Holdco

Government Fund to Invest in Oil Services Holdco

Brazil Funds

Brazil’s Fundo de Garantia do Tempo de Servico (FGTS) has agreed to put up to BRL2.5bn ($1.28bn) into Stete Brasil, it says, through the purchase of Sete debentures and shares in the FIP Sondas fund that controls Sete. The holding vehicle for stakes

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