US EditionPetrobras won't block Braskem deal - LatinFinance
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
The Brazilian oil company Petrobras has announced that it will refrain from exercising its preferential right to take control of Braskem, the largest petrochemical company in Latin America and the sixth largest in the world, following the decision of its partner Novonor to sell its majority stake. The Brazilian state indicated in a statement sent to the market that its Board of Directors decided not to intervene in the negotiations carried out b…
Braskem stated in communication to the market this Friday (12) that he did not have and did not have in 2025 debts relevant to the Bank of Brazil and that he is on day with his obligations with the financial institution. The company made the comment after information published by the media claiming that about R$4 billion was not paid by the petrochemical together with the bank. Before long, BB stated that a company’s “specific case” affected the…
Petrobras reported on the morning of this Friday (12) that it will not exercise the right of preference to take control of the Braskem petrochemical company. Braskem is the sixth largest petrochemical company in the world, and the controller, Novonor (former Odebrecht), is in a judicial recovery condition where a company, with the exception of Justice, tries to renegotiate debts to avoid failure. A 50.1% of Braskem's actions with voting power, N…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
