Timing of Petrobras giant stock sale not so crazy
The world s largest deepwater oil driller may soon sell $25 bln of shares with BP s U.S. well still gushing. But investors rate Petrobras safety record and Brazil s leaders have too much at stake to halt development. The deal s details, not BP s woes, will decide its success.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.