Petrobras scraps Liquigas IPO, eyes antitrust risk in sale -sources [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Reuters
Petrobras scraps Liquigas IPO, eyes antitrust risk in sale -sources | Reuters 3 Min Read SAO PAULO, April 25 (Reuters) - Petroleo Brasileiro SA has given up on the idea of selling its Brazilian liquefied petroleum gas (LPG) unit through an initial public offering (IPO) and decided to reopen a sale process, three people with knowledge of the matter said. The state-controlled oil company has not yet set a date for interested companies to deliver bids and is still discussing the best way to avoid problems with antitrust authorities, the sources added, asking for anonymity because talks are private. Petrobras, as the company is known, has sounded out banks and investors for a potential IPO of Liquigas Distribuidora SA, but advisers said it would be a hard sell, especially to international investors, according to the sources. Liquigas sells gas cylinders, used mainly for cooking in Brazilian households not served by gas pipelines — a segment unfamiliar to investors in more developed market
Show less
Read more
Impact Snapshot
Event Time:
PBR.A
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PBR.A alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PBR.A alerts
High impacting Petroleo Brasileiro S.A.- Petrobras American Depositary Shares news events
Weekly update
A roundup of the hottest topics
PBR.A
News
- Brazil faces Indigenous resistance over plans to drill for oil in Amazon rainforest [FOX News]FOX News
- Brazil's plans to drill for oil in the Amazon hit stiff Indigenous resistance [Reuters]Reuters
- Brazil's plans to drill for oil in the Amazon hit stiff Indigenous resistance [Yahoo! Finance]Yahoo! Finance
- UPDATE 1-Petrobras board not to discuss extra dividends at Friday meeting, sources say [Yahoo! Finance]Yahoo! Finance
- Petrobras board not to discuss extra dividends at Friday meeting, sources say [Reuters]Reuters