Petrobras on Braskem

Estimated read time 1 min read

(Petrobras, 19.May.2023) — Petrobras received a letter from Apollo Management X, L.P. and ADNOC International Limited with information about the non-binding proposal for the acquisition of Novonor S.A.‘s interest in Braskem.

The information was forwarded to Petrobras due to the fact that the company is Braskem’s second largest shareholder and a party to the shareholders’ agreement. In addition, the bidders have expressed interest in discussing potential business with Petrobras.

The company reinforces its commitment to the broad transparency of its divestment processes and portfolio management and that material facts will be timely disclosed to the market.

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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