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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Despite the recent negative news coming from Brazil’s state-owned petroleum company, Petrobras, the oil giant’s market value is the second largest of a public company in Brazil, according to a survey conducted by consulting firm Economatica. According to the consultancy, Petrobras registered a R$211.64 billion market value, losing only to Brazil holding company Ambev, which registered a market value of over R$307 billion.

“The last time that Petrobras was the second largest company in the Brazilian market was on June 18, 2015, and the . . .

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