HRT Announces Reduced Investment by Goldman Sachs

By MT Newswires,  January 03, 2013, 01:07:58 PM EDT

HRT Participacoes em Petroleo S.A. (HRP.V) announced that Goldman Sachs International, a wholly-owned subsidiary of The Goldman Sachs Group Inc., reduced its interest in the company's capital, reaching 14,613,657 shares, which represents 4.95% of HRT's voting capital.

According to the information provided by Goldman Sachs, the purpose of the interest mentioned above refers to minority investment that does not involve a change in the composition of corporate control or a change in the management structure of the company.

HRT holds one of the largest independent oil and gas exploration and production companies in Brazil.

HRT shares were trading four cents higher at $1.32.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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