Soros reports 73.5% increase in Petrobras stake

[Ed. Please note the date of this article.]

Market Watch
The Wall Street Journal
By Tony Cooke
Feb 17, 2009

Billionaire investor George Soros on Tuesday reported that during the fourth quarter he increased his already considerable stakes in Brazilian state-controlled oil company Petroleo Brasileiro S.A. (PBR 42.84, +0.25, +0.59%) and Potash Corp. of Saskatchewan Inc. (POT 97.11, +1.93, +2.03%) .

Soros, through his Soros Fund Management LLC, reported holding 36.8 million American depositary receipts of the Brazilian oil company known as Petrobras as of Dec. 31 – a holding valued at about $900 million at the time. Soros held 21.2 million ADRs at Sept. 30, according to his disclosure filed with the Securities and Exchange Commission.

Soros also reported holding $434 million in Potash shares as of Dec. 31 – a total of about 5.9 million shares. He reported holding 3.3 million Potash shares as of Sept. 30.

Petrobras and Potash were the two largest stakes reported by the Soros fund as of Dec. 30.

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