Petrobras Lists In Buenos Aires

Brazil’s state-owned oil company, Petrobras, began to list its shares on the Buenos Aires Stock Exchange yesterday, Thursday. The company said it would not be issuing any new shares but rather offer those already in the circulation. Petrobras will be the first foreign company to seek a listing in Argentina since the country’s financial meltdown in 2001 and will offer locals the opportunity to invest directly in the Brazilian company.