Petrobras CEO Rules Out Larger Braskem Stake Amid Debt Talks
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Petrobras SA Chief Executive Officer Magda Chambriard ruled out raising the state-controlled oil producer’s stake in troubled petrochemicals firm Braskem SA. She stated that any additional capital must be matched by other investors.
This decision comes as Braskem is engaged in ongoing discussions with creditors regarding its financial situation, highlighting the complexities of the petrochemical market and the need for collaborative investment strategies.
PetrobrasBraskemMagda Chambriard
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“Petrobras SA Chief Executive Officer Magda Chambriard ruled out raising the state-controlled oil producer’s stake in troubled petrochemicals firm Braskem SA, saying any additional capital must be matched by other investors.”
Bloomberg — Petrobras CEO Rules Out Larger Braskem Stake Amid Debt Talks