Petrobras to delist shares from Buenos Aires

Petrobras to delist shares from Buenos Aires

Capital Markets Corporate & Sovereign Strategy Equity Funds Brazil Energy Argentina

Brazil’s state-backed oil company Petrobras said it plans to move forward with a delisting of its shares from the Buenos Aires Stock Exchange, a latest departure from a shriveling bourse. Petrobras said it has received approval from the Argentine National Securities Commission to cancel its listing on November 4, according to a filing with the stock exchange late Friday. The decision, it said, is part of a strategy to reduce listing costs and focus on its bigger markets: Brazil’s B3 and the New

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