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Brazil’s Petrobras considers selling stake in Braskem

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/04/2015 (07:58)
According to media reports, Brazil’s Petrobras is planning to sell its stake in Braskem in order to strength its balance sheet. The company holds 36.1% of Braskem, South America’s largest chemical producer. The size of the assets to be divested was not disclosed, nor was it clear if Petrobras intended to sell all or part of its interest in Braskem.

The company reportedly stated that divestments will depend on market conditions and negotiations and added that they may sell exploration and production, supply, gas and energy assets.
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