Petrobras may need more than a year to divest Braskem stake

摘要

Petrobras may need more than a year to divest its stake in Braskem, according to Andrea Almeida, Petrobras CFO. She said during the company’s recent webinar that Petrobras plans to give more time for potential investors to make offers for the company’s assets, including for its refineries and stakes at its petrochemical and fuel distribution affiliates. The divestment of Petrobras’s stake in Braskem in 2020 would be desirable but “might not be possible” as the COVID-19 pandemic has changed market conditions, she said. The company plans to close part of its refinery sales in 2021.