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Thursday 21 January 2010
Qatar may buy Brazil Petrobras, bank stake-source
Qatar is interested in buying minority stakes in Brazil's state-run oil giant Petrobras (PETR4.SA)(PBR.N) and Banco do Brasil (BBAS3.SA), a Brazilian cabinet official told Reuters on Wednesday.
The country's investment agency already owns a $300 million stake in Brazil's Vale (VALE5.SA)(VALE.N), the world's largest iron ore miner, said the official, who requested anonymity because the conversations were private.
Sheik Hamad bin Khalifa Al-Thani, Qatar's emir, met with Brazil's President Luiz Inacio Lula da Silva earlier on Wednesday.
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