08-18-2008, 07:41 AM
http://www.gulfnews.com/business/Oil_and...37597.html
Quote:
Soros hedge fund invests $811m to buy Petrobras stake
Bloomberg
Published: August 15, 2008, 23:58
London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.
As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 per cent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management, according to a filing with the US Securities and Exchange Commission. Petrobras has since slumped 28 per cent
Bloomberg
Published: August 15, 2008, 23:58
London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.
As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22 per cent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management, according to a filing with the US Securities and Exchange Commission. Petrobras has since slumped 28 per cent
George Soros, backing all the far-left groups that run the DNC and are scorched earth on Drilling for Oil in the USA.....invest heavily in State Owned Brazillian Oil. Which the US not tapping its reserves will directly result in the value of their Oil increasing.
