Petrobras declines to boost Braskem stake to 30%,lets option expire

摘要

Rio de Janeiro-Braskem SA,Latin America's biggest petrochemicals company,said March 31 Brazil's(state-led oil company)Petrobras declined to use an option that expired March 31 to boost its stake in Braskem to 30%,keeping the Braskem stake at 10%.Braskem said negotiations for Petrobras to use its option,which it has held before Braskem was founded in 2002,fell through because"it wasn't possible to come to a consensus about terms and conditions that would create value for all Braskem shareholders."