Brazil's Petrobras could sell its stake in petrochemical firm Braskem SA by the end of 2020, the head of the state-run oil company said during a webinar hosted by a Brazilian brokerage on Monday.
FILE PHOTO: Roberto Castello Branco, CEO of Petroleo Brasileiro S.A. , speaks during a compliance event in Rio de Janeiro, Brazil December 9, 2019. REUTERS/Sergio Moraes
SAO PAULO - Brazil’s Petrobras could sell its stake in petrochemical firm Braskem SA by the end of 2020, the head of the state-run oil company said during a webinar hosted by a Brazilian brokerage on Monday. “We think it’s feasible by the end of this year, and if not, by the beginning of next year, to sell that stake,” said Roberto Castello Branco, chief executive of Petroleo Brasileiro SA , as the company is formally known.
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