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SOUTH AMERICA

Karoon Gas to raise $US600M from Brazilian IPO *Exclusive*

KAROON Gas is likely to raise $US600 million ($A650 million) from listing its South American asse...

The company will issue around 40 million shares at $US9-10 per share, a source told PetroleumNews.net. Morgan Stanley, along with local Brazilian banks, is running the IPO process which is not underwritten...

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