Petros Buys 4.88% of Itausa for About 3.1 Billion Reais

Petros, the pension fund for employees of state-run oil producer Petroleo Brasileiro SA, said it bought 4.88 percent of Itausa - Investimentos Itau SA at an auction for about 3.1 billion reais, or 14.48 reais per voting stock.

Petros disclosed the purchase in an e-mail statement.

To contact the editor responsible for this story: Carlos Caminada at ccaminada1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.