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Through various entities, Brazil's government will end up buying almost two-thirds of Petrobras'...

Through various entities, Brazil's government will end up buying almost two-thirds of Petrobras' (PBR -0.4%) giant $70B offering, with commitments to purchase 2.8B of the 4.27B shares offered.
Comments (4)
  • We have Government run Motors.....they have Government run oil....about the same...big losses....I think they made their fist profit a year ago...
    28 Sep 2010, 02:44 PM Reply Like
  • Our government "took over" the auto industry to save a million jobs (read how badly run GM was - couldn't tell within 500K how much cash they had on hand) - their government just wants control. There's a difference between taking over a failing industry and taking over a thriving industry.
    28 Sep 2010, 02:49 PM Reply Like
  • If you compare Petrobras to Exxon..you will see what I mean...and go back 15 years...I know from personal experience about Petrobras....I would never invest in them...to corrupt
    28 Sep 2010, 03:07 PM Reply Like
  • Corruption is the worst disease the third world and emerging countries have. Hard to believe how individuals have no qualms in bleeding their countries to death.
    29 Sep 2010, 06:30 AM Reply Like
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