Brazil’s state-run oil company Petroleo Brasileiro SA (PETR4.SA) is studying exiting its stake in Braskem SA (BRKM5.SA) via a share offering, an executive said on Friday, the latest in a series of proposals to separate itself from the petrochemical firm.
Anelise Lara, head of Petrobras’ downstream division, divulged the potential share offering, which she said was being considered alongside more traditional M&A options, at a press conference after the company’s third quarter results.
Brazil Energy Insight 
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