Bolsonaro Inclined to Privatize Petrobras; Company Receives $1.5bn Offering for Oil Field

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...
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