The biggest share issue in corporate history will be priced on Thursday evening as Brazil’s national oil company Petrobras (PBR) attempts to raise up to $78 billion from existing shareholders and new investors. A large slice of the offer — $44 billion — will go to the Brazilian government, the co.’s controlling shareholder, in exchange for 5 billion barrels of oil in the newly discovered pre-salt oilfields. – FT
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