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Brazil’s Petrobras yet to decide date for Braskem share offering -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Individuals stroll in entrance of Brazil’s state-run Petrobras oil firm headquarters in Rio de Janeiro, Brazil, October 16, 2019. REUTERS/Sergio Moraes/File Photograph

SAO PAULO (Reuters) – Brazilian state-run oil firm Petrobras on Thursday stated it has not but reached a choice on when it should promote its stake in petrochemicals producer Braskem SA (NYSE:) however reiterated that it nonetheless expects to take action.

The remarks got here after the O Estado de S. Paulo newspaper reported that the corporate, formally generally known as Petroleo Brasileiro SA, and Brazilian conglomerate Novonor are anticipated to begin promoting their stakes by means of a share providing in February.

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