Petrobras Maintains Position to Sell Stake in Petrochemical Company Braskem

Escrito por Roberta Souza

Publicado em 30/08/2021 às 14:30

Atualizado em 30/08/2021 às 14:31

Petrobras/ Fonte: MoneyTimes

Seja o primeiro a reagir!

Petrobras Announced Today (08/30) That It Maintains Its Position to Seek the Full Sale of Its Stake in the Petrochemical Braskem

Petrobras reaffirmed on Monday (08/30) that it maintains its position to seek the full sale of its stake in the petrochemical Braskem and is monitoring the divestment process of the stake held by Novonor. The oil company highlights in a statement that it is evaluating opportunities in the petrochemical segment, as planned in its Strategic Plan 2021-2025, aiming for the integration of its Exploration and Production (E&P) and Refining activities. Also see this news: Negotiations Between Petrobras and Braskem Advance for Signing a New Naphtha Contract

Petrobras Had Hired JPMorgan to Assist in the Sale of the Petrochemical Braskem

Petrobras engaged JPMorgan as an advisor to sell its stake in the petrochemical Braskem, three sources familiar with the matter said. Petrobras executives stated in a conference call with investors that they had hired advisors to sell their stake in Braskem, without providing further details.

The conglomerate Novonor, formerly known as Odebrecht, resumed the sale of the controlling stake in Braskem in April but has not yet found a buyer. Nevertheless, Morgan Stanley (MS), advisor to Novonor, received offers for some of the petrochemical’s assets. The company has factories in Brazil, Mexico, and the United States. Given the complexity of selling units of the company to different buyers, Petrobras decided to hire a consultant to analyze potential deals.

ARTIGO CONTINUA ABAIXO

Veja também

The State Company Recently Sold a Refinery in Amazonas

Petrobras signed on 08/25 with Grupo Atem the contract for the sale of the Isaac Sabbá Refinery (REMAN) in Manaus, Amazonas, and its associated logistical assets for US$ 189.5 million (R$ 994.15 million). The refinery is the second out of the eight that are in the sales process to have the contract signed. REMAN has a processing capacity of 46,000 barrels/day and its assets include a storage terminal.

The sale of REMAN is in accordance with Resolution No. 9/2019 of the National Energy Policy Council, which established guidelines for promoting free competition in the refining activity in the country, and is part of the commitment made by Petrobras with CADE to open up the refining sector in Brazil. The divestment process for REMAN, approved by Petrobras’ Board of Directors on this date, strictly followed the Divestment System approved by the Federal Court of Accounts (TCU). The refinery’s divestment project was approved at all levels of Petrobras’ corporate governance.

After the transaction is completed, Petrobras will continue to operate the refinery through a service provision contract for a transitional period (Transition Service Agreement – TSA) while the buyer structures its processes and assembles its teams. This will happen under a service provision agreement, avoiding any operational interruption. Petrobras and ATEM reaffirm their strict commitment to operational safety at REMAN throughout all phases of the operation. Measures have been taken to ensure no disruption in the supply of natural gas, oil, and LPG from the region.

Petrobras employees who choose to remain with the company may opt for transfer to other areas of the company. Another possibility is joining the Voluntary Dismissal Program, which includes a benefits package. Petrobras has been conducting the divestment processes transparently and with respect for its employees. The company communicates internally and externally the main stages of the process and provides full support to the professionals involved. No Petrobras employee will be dismissed due to the transfer of control of REMAN to the new owner.

Petrobras Maintains Position to Sell Stake in Petrochemical Company Braskem

Petrobras Announced Today (08/30) That It Maintains Its Position to Seek the Full Sale of Its Stake in the Petrochemical Braskem

Petrobras Had Hired JPMorgan to Assist in the Sale of the Petrochemical Braskem

The State Company Recently Sold a Refinery in Amazonas

The world’s first octopus farm wants to open in the Canary Islands and is already provoking an international reaction: the plan aims to produce 3,000 tons per year.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

The world’s first octopus farm wants to open in the Canary Islands and is already provoking an international reaction: the plan aims to produce 3,000 tons per year.

A bright yellow mushroom imported from Asia escaped from a cultivation farm in the United States in 2010 and is now aggressively spreading across 25 states, destroying entire communities of native fungi in American forests.

With 11,000 tons and sensors capable of hunting submarines at long distances, the Type 055 has become one of the most feared floating arsenals of the Chinese navy.

Buried under China, a colossal machine weighing 20,000 tons began operating as the largest neutrino detector on the planet and, in just 59 days, surpassed results that science took half a century to achieve.

Iran enters the center of a climate alert after the war emitted 5.6 million tons of CO2 in two weeks, surpassing the annual pollution of entire countries.

Petrobras Maintains Position to Sell Stake in Petrochemical Company Braskem

Petrobras Announced Today (08/30) That It Maintains Its Position to Seek the Full Sale of Its Stake in the Petrochemical Braskem

Petrobras Had Hired JPMorgan to Assist in the Sale of the Petrochemical Braskem

The State Company Recently Sold a Refinery in Amazonas

The world’s first octopus farm wants to open in the Canary Islands and is already provoking an international reaction: the plan aims to produce 3,000 tons per year.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Brazilian city gains industrial hub for 85 companies that is equivalent to 55 football fields.

Peugeot and Citroën factory in Argentina cuts production by half and opens a layoff program for more than 2,000 employees after Brazil drastically reduced purchases of Argentine vehicles.

A Brazilian city gains a factory worth R$ 300 million with the capacity to process 200 thousand tons of wheat per year, a mill of 660 tons/day, silos for 42 thousand tons, and an industrial area of 276 thousand m².

Havan will leave the shopping mall in Blumenau to inaugurate something that the chain has never done before: a megastore in half-timbered style in the Historic Center of the city, which is expected to be completed in May and change the landscape of local retail.

Brazilian city gains industrial hub for 85 companies that is equivalent to 55 football fields.

The world’s first octopus farm wants to open in the Canary Islands and is already provoking an international reaction: the plan aims to produce 3,000 tons per year.

A bright yellow mushroom imported from Asia escaped from a cultivation farm in the United States in 2010 and is now aggressively spreading across 25 states, destroying entire communities of native fungi in American forests.

With 11,000 tons and sensors capable of hunting submarines at long distances, the Type 055 has become one of the most feared floating arsenals of the Chinese navy.

Buried under China, a colossal machine weighing 20,000 tons began operating as the largest neutrino detector on the planet and, in just 59 days, surpassed results that science took half a century to achieve.

Iran enters the center of a climate alert after the war emitted 5.6 million tons of CO2 in two weeks, surpassing the annual pollution of entire countries.