trending Market Intelligence /marketintelligence/en/news-insights/trending/aEwQT4ediAdeq2-wra-vlg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Report: Petrobras wants to sell stake in Braskem

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour

Report: Petrobras wants to sell stake in Braskem

Petróleo Brasileiro SA CEO Roberto Castello Branco said he plans to sell the company's 36% stake in petrochemical company Braskem SA within a year, Reuters reported.

However, creditors of construction conglomerate Odebrecht SA are in advanced talks to delay the sale of the asset for another two to three years, according to Reuters. Odebrecht holds a 38% stake in Braskem.

Petróleo Brasileiro, also known as Petrobras, has sold noncore assets amounting to $15.3 billion as of Oct. 15 and is looking to sell another $20 billion to $30 billion in assets in 2020-2024.