Publication Date:
Tue, 2011-08-09 02:08
Gabrielli also said Petrobras was not considering buying back stock in the company.
World markets have been volatile over the past week due to the deteriorating sovereign debt problems in Europe and the US.
Petrobras earmarked $13.6 billion worth of assets to sell as part of a five-year investment plan.
The CEO said he still expected to attract buyers for assets, even under turbulent market conditions.
The local BM&FBovespa exchange was trading 5.4 percent lower, while Petrobras’ most liquid nonvoting shares
were down 5.8 percent at 19 reais.
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