Petrobras on Braskem Due Diligence Process

(Petrobras, 22.Aug.2023) — Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. in the company, in accordance with the rules set out in the Shareholders’ Agreement signed between Petrobras and Novonor.

It is worth noting that there has been no decision by the Executive Board or the Board of Directors in relation to the issue.

Petrobras emphasizes that decisions on investments and divestments are based on careful analysis and technical studies, in compliance with governance practices and applicable internal procedures.

____________________

Previous post Permian Resources to Buy Earthstone in All-Stock $4.5bn Deal
Next post Getech Releases Globe 2023 with New Capabilities for Resource Exploration