Deals Rumor Mill: Petrobras, Random House, BNP Paribas

Law360, New York (March 27, 2013, 12:07 PM EDT) -- State-owned Brazilian oil company Petroleo Brasileiro SA, better known as Petrobras, is edging toward an auction to sell its stake in Nigerian oil fields that could bring in as much as $5 billion, Reuters reported on Wednesday. The process will officially launch in the next couple of months, and will be run by Standard Chartered PLC. Frontrunners are not yet clear, though government-controlled Asian oil companies are expected to participate in the auction, which is aimed at raising cash for Petrobras as it reshapes its capital...
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