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Petróleo Brasileiro S.A. - Petrobra Message Board

  • superbowlchampstealers2006 superbowlchampstealers2006 Sep 29, 2010 11:32 AM Flag

    MSCI INC PBR WILL RISE 21%

    DOW JONES NEWSWIRES
    Ê NEW YORK (Dow Jones)--Brazilian state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, is set to gain a more prominent position in key stock indexes provided by MSCI Inc. (MSCI) after the company's mammoth share offer. Ê The company's total weight in the MSCI Brazil index is set to rise to approximately 21% from its current 16% weighting, according to figures provided by a MSCI spokesman. Ê Petrobras will also rise from 11% to 14.5% of the MSCI Latin America index. Ê The changes are effective Sept. 30. Ê Last week, Petrobras raised approximately $67 billion through the sale of about 4.08 billion voting and preferred shares in the largest equity offering ever. The money will go toward the company's $224 billion five-year expansion plan, which will include production for pre-salt oil fields.

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PBR
9.99+0.59(+6.28%)Apr 24 4:00 PMEDT