Geopolitics

BNDES invites 8 banks to broker stake in Petrobras

The National Bank for Economic and Social Development (BNDES) has invited eight banks to broker the sale of part of its Petrobras portfolio shares through a public offering of secondary distribution. The operation is expected to be done by March. Invitations went to Credit Suisse (Brazil), Bank of America Merrill Lynch, Bradesco BBI, BB-Investment Bank, Citigroup Global Markets Brazil, Goldman Sachs of Brazil, Morgan Stanley and XP Investimentos. The development bank owns about 19% of the preferred shares and 10% of the common shares (as voting rights) of the oil company, which today are worth about R $ 56 billion.

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Source: Journal do Commercio