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Saturday, 25 June 2016

Timing of Petrobras giant stock sale not so crazy

Brassy Petrobras

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.

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