Petrobras to Launch IPO for Gaspetro; Notre Dame Raises R$5 Billion in Stock Offerings

Gaspetro intends to dispose of its 51 percent stake in 19 natural gas distributors around Brazil. The Notre Dame Intermédica share in the subsequent follow-on offer was set at R$57.00, such that the operation reached R$5 billion.

RIO DE JANEIRO, BRAZIL - The highlights of Thursday's corporate news are Petrobras, MRV Engineering, Banco do Brasil ("Bank of Brazil") and Hering. MRV announced that it had raised R$90 million (US$22.5 million) with the first offering of shares in its Luggo real estate fund.

Banco do Brasil announced that it will reorganize its command structure, with a reduction in the number of directors, while Hering announced that . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?