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Petrobras May Reverse Its Decision to Sell Braskem, CFO Says

Petroleo Brasileiro SA may abandon a plan to sell shares in Braskem SA, and could even double its stake in the petrochemical company it views as a natural hedge for oil prices.

Petrobras, as the Rio de Janeiro-based company is known, is reassessing its petrochemicals strategy after having put its 4.3 billion-real ($1.1 billion) stake in Braskem up for sale in 2016 as part of a wider divestment plan, Chief Financial Officer Rafael Grisolia said in an interview.

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