Tuesday, November 19, 2024
Petrobras says hires JPMorgan as adviser to sell Braskem stake- oil and gas 360

Petrobras says hires JPMorgan as adviser to sell Braskem stake

Nasdaq SAO PAULO – Brazilian state-run oil firm Petroleo Brasileiro SA PETR4.SA has hired JPMorgan Chase & Co JPM.N as adviser to sell its stake in petrochemical company Braskem SA BRKM5.SA, three sources familiar with the matter said. Earlier on Thursday, Petrobras executives said in a conference call with investors that it had hired advisers to sell its stake in Braskem, without elaborating. Brazilian conglomerate