Odebrecht Will Sell Stake In Petrochemical Braskem

Written by Roberta Souza

Published on 10/08/2020 at 12:09

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The News of the Sale of the Stake Came Via a Document Sent to the Securities and Exchange Commission

This weekend, Odebrecht announced that it will sell its entire stake in the petrochemical company to Braskem, a producer of thermoplastic resins. The news came via a document sent to the Securities and Exchange Commission (CVM).

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Braskem stated in its announcement that “ODB [Odebrecht] has begun preparatory acts to structure a process for the private sale of up to the entirety of its ownership stake in the Company, by taking the necessary steps to organize a process of this nature, with the support of legal and financial advisors.”

In addition to Odebrecht, another shareholder of Braskem, Petrobras, had already stated that it would sell its stake in the company.

ARTICLE CONTINUES BELOW

Petrobras Advances Sale Process of the Offshore Tartaruga Field, Located in Shallow Waters of the Sergipe-Alagoas Basin

The Brazilian oil company Petrobras has initiated the binding phase for the sale of its entire stake in the shallow water Tartaruga field, located in the Sergipe-Alagoas Basin, offshore Brazil. This operation is in line with Petrobras’s process of divesting land and shallow water assets to concentrate its resources on deep and ultra-deep waters.

To learn more about Petrobras’s progress, click here.

Odebrecht Will Sell Stake In Petrochemical Braskem

The News of the Sale of the Stake Came Via a Document Sent to the Securities and Exchange Commission

Also Check Out Other News:

Petrobras Advances Sale Process of the Offshore Tartaruga Field, Located in Shallow Waters of the Sergipe-Alagoas Basin

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Odebrecht Will Sell Stake In Petrochemical Braskem

The News of the Sale of the Stake Came Via a Document Sent to the Securities and Exchange Commission

Also Check Out Other News:

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