Petrobras Plans to Sell Braskem Stake by End-2018 in Asset Dump

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  • Producer has 47% of voting stock in petrochemicals maker
  • Business plan calls for $19.5 billion in asset sales 2017-2018

Petroleo Brasileiro SA plans to sell its stake in petrochemicals producer Braskem SA before the end of 2018 to help fund its business plan and reduce debt, Chief Financial Officer Ivan Monteiro said.

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