Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

HRT Rises to Three-Week High on BTG, Petrobras Deal: Rio Mover

HRT Participacoes em Petroleo SA, the oil company exploring in the Amazon and Namibia, rose to the highest in three weeks after Grupo BTG Pactual’s investments in the oil industry fueled positive sentiment.

Rio de Janeiro-based HRT gained 8.7 percent to 2.50 reais at 12:27 p.m. in Sao Paulo after rising to as much as 2.68 reais, the highest since May 27. The stock increased 20 percent yesterday, the most since August. Brazil’s benchmark stock index was down 0.7 percent.

HRT is benefiting from Sao Paulo-based BTG’s decision to move more aggressively into the oil industry, Luana Helsinger an analyst at brokerage GBM Brasil, said by phone from Rio. BTG said June 17 it agreed to buy 50 percent of Petroleo Brasileiro SA’s assets in Angola, Benin, Gabon, Namibia, Nigeria and Tanzania for $1.5 billion.

The bank plans to develop a large oil and gas company to tap other opportunities, O Estado de S. Paulo reported yesterday, without saying where it got the information. The bank signed on March 6 a so-called strategic agreement with billionaire Eike Batista’s holding company EBX Group Co., whose biggest unit is oil producer OGX Petroleo e Gas Participacoes SA.

BTG and HRT declined to comment on potential partnerships when contacted by Bloomberg.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.