Petrobas (PBR -2.6%) has an eye on Eni's (E +0.8%) 33% stake in Portuguese oil company Galp...

|By:, SA News Editor

Petrobas (PBR -2.6%) has an eye on Eni's (E +0.8%) 33% stake in Portuguese oil company Galp (GLPEF.PK), and has reportedly offered €3.5B - well short of the €4.7B Eni is looking for. Eni says it will either take a controlling stake in Galp, or sell it.