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UPDATE 1-Petrobras hires bank for Braskem stake sale, Folha says

2016-01-13 15:17:53| Chemicals - Topix.net

Jan 13 State-controlled oil producer Petroleo Brasileiro SA hired Banco Bradesco BBI to help sell a 36.1 percent stake in petrochemical giant Braskem SA, Folha de S. Paulo newspaper reported on Wednesday. The company, commonly known as Petrobras, wants to dispose of the Braskem stake to help raise cash from a targeted $15.1 billion in asset divestments by the end of the year, Folha reported, without citing sources.

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