November 8, 2021
Brazilian oil and gas company 3R Petroleum said it moved BRL2.41 billion ($437 million) in a follow-on equity offering after pricing its shares at a discount, according to a securities filing on Thursday.
The Rio de Janeiro-based company priced the shares at BRL33 each, compared to to the closing price of BRL34.54 on Wednesday. It shares fell 3.42% on Friday to end the week at BRL35.73.
The company kept BRL2.17 billion from the sale of 65.7 million new shares, while existing shareholders took BR
Brazilian oil and gas company earns $393 mln in a follow-on offering to finance acquisitions