Petrobras (PBR) announces plans for a $64.5B stock sale, one of the biggest ever, to fund...

|About: Petrobras - Petroleo Brasil... (PBR)|By:, SA News Editor

Petrobras (PBR) announces plans for a $64.5B stock sale, one of the biggest ever, to fund offshore exploration and cover debts. Brazil's state-controlled oil company will sell 1.59B new preferred shares and 2.17B new voting shares, and may sell an additional 564M shares in a supplementary offering.