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Petro-Canada: offering.
Publication: Corporate Counsel Publication Date: 01-MAY-05 Author: Mira, Leslie Moore
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COPYRIGHT 2005 American Lawyer Media L.P.
The Canadian government got out of the energy business last year in the biggest public share offering in the country's history. On September 29 Ottawa sold the last of its shares--an 18.6 percent stake--in Petro-Canada, netting $2.5 billion. The 49 million shares were sold for $51.98 per share to institutional investors and retail account holders in Canada, the United States, and Europe.
The government created Petro-Canada 30 years...
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