February 7, 2020
Brazil's national development bank BNDES earned BRL22 billion ($5.16 billion) from the sale of its common shares in the state-owned oil company Petrobras, following similar deals for its stakes in the local power company Light and the food company Marfrig.
BNDES sold 734 million common shares in Petrobras for BRL30.00 each in the secondary offering, a discount on the closing price of BRL30.48 on Wednesday, according to a securities filing from the oil company on Thursday. The sale included 168 m
Brazil's national development bank offloads its stake in the state-owned oil company after previously selling shares in Light and Marfrig