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  • Writer's pictureHedgeo Team

LATAM: Brazil Pushes Its Great Downsizing and Rakes In $5.2 Billion

(Bloomberg) -- The Brazilian state development bank unloaded its voting stake in oil giant Petroleo Brasileiro SA, raking in 22 billion reais ($5.2 billion) as part of a wave of asset sales aimed at reversing years of growing government influence in Latin America’s biggest economy. READ HERE

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