Petrobras CEO Rules Out Larger Braskem Stake Amid Debt Talks
A Petrobras executive expects Braskem to reach a deal with creditors to restructure $11 billion in debt and avoid bankruptcy.
Petrobras SA Chief Executive Officer Magda Chambriard ruled out raising the state-controlled oil producer’s stake in troubled petrochemicals firm Braskem SA, saying any additional capital must be matched by other investors.
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