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«GOB Prepares Capital Infusion for Petrobras» | O Bicho Preguiça

Source: «GOB Prepares Capital Infusion in Petrobras» | O Bicho Preguiça

I accidentally posted this item to my (unpardonably neglected) Portuguese-language Web log.

Intention is to adopt a hybrid equity and debt instrument, used previously to reinforce the assets of the [state-owned] Banco do Brasil and the Caixa Econômica Federal, reports Broadcast, the news service of the Agência Estado; the system works as a financial investment without an expiration date and without diluting the shares of minorities or impacting the fiscal results of the government. Under the leadership of Aldemir Bendine, Petrobras has already raised more than US$ 14 billion from external fundraising designed to improve its capital and debt positions.