Petrobras Seeks Argentina Listing

Brazil state-owned oil producer Petrobras is to make a public offering of its shares via the Buenos Aires Stock Exchange, probably in the last week of March. It will be the first foreign company to seek a local listing on the exchange since the country’s financial meltdown in 2001. According to Petrobras, it has been seeking to issue shares since it acquired local energy company Perez Companc in August 2002. Further details of the offering are due to be published on Friday.