Petrobras to Sell Braskem Stake

Petrobras to Sell Braskem Stake

Brazil’s state-owned oil company Petrobras has agreed to sell its 36.1% stake in the petrochemical firm Braskem SA. Petrobras hired JPMorgan Chase & Co as an advisor for the sale. Petrobras and Brazilian conglomerate Novonor, previously known as Odebrecht, have...
Petrobras Raises $2.3bn via Subsidiary Divestment

Petrobras Reports $220mn Profits In Q1

Brazil’s oil company Petrobras reported a net profit of $220.2mn in 1Q2021, partially reversing its losses of $9.16mn a year earlier. The company recorded that profits were down 98.1% compared to its record 4Q2020 profits of $11.3bn. Petrobras attributed the positive...
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