September 24, 2010 / 1:15 AM / 10 years ago

Petrobras raises $70 bln in biggest-ever offering

SAO PAULO, Sept 23 (Reuters) - Brazil’s state-controlled oil company Petrobras on Thursday raised 120.4 billion reais ($70 billion) in the biggest share offering in history.

The company raised 71.23 billion reais from the sale of voting shares and 49.12 billion reais from the sale of preferred shares. ($1=1.72 reais) (Reporting by Elzio Barreto, Guillermo Parra-Bernal and Reese Ewing; Editing by Gary Hill)

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