In August of this year, Odebrecht announced that it will sell its entire stake in Braskem. Petrobras had already said it would sell its stake in the company

Petrobras informed last night that it initiated an arbitration request with a demand for damages against Odebrecht, estimated at approximately 800 million reais. Petrobras' gas assets and power generation plants are part of Eneva's investment plans for 2021

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According to the market report, Petrobras alleges violation of the terms of the shareholders' agreement regarding Braskem. The petrochemical company Braskem is not a party to said arbitration, which is protected by confidentiality, explained the statement.

In August of this year, Odebrecht announced that it will sell its entire stake in Braskem. The news came through a document sent to the Securities and Exchange Commission (CVM).

Braskem informed in its press release that “ODB [Odebrecht] has started the preparatory acts to structure a process of private sale of up to the total interest held by it in the Company, by adopting the necessary measures to organize a process of this nature, with the support of legal and financial advisors”.

In addition to Odebrecht, Petrobras had already said it would sell its stake in the company. With the sale of its shares, Odebrecht aims to recover its company in court. The company's debts are currently around R$99 billion.

Odebrecht owns 38,3% of Braskem, with 50,1% of voting shares, while Petrobras has a total stake of 36,1%, with 47% of voting shares, according to information on the Odebrecht website. petrochemicals.

Recently, Odebrecht lost control of Atvos, one of the largest ethanol producers in Brazil, in court.

After Odebrecht's court battle, justice endorses Lone Star and Castlelake funds to gain control of Atvos, one of the largest ethanol producers in Brazil. Atvos was in receivership.

On November 26, the São Paulo Court of Justice (TJ-SP), gave a favorable decision to the US fund, guaranteeing the transfer of shares acquired by Lone Star, which, according to the fund, will give the right to control the sugar-energy company to Atvos, belonging to the Odebrecht group.

The denied appeal guarantees the Natixis bank the validity of the sale of shares for US$ 5 million. Thus, Odebrecht must deliver the corporate books so that the transfer of shares is registered and the fund definitively assumes control of Atvos.