Petrobras on Braskem

Petróleo Brasileiro S.A. – Petrobras clarifies that, yesterday, it was informed by Abu Dhabi National Oil Company (ADNOC) of its non-binding proposal for the acquisition of Novonor S.A.’s (Novonor) stake in Braskem in the amount of R$10.5 billion. This proposal will still be evaluated by Petrobras’ competent bodies.

According to releases to the market published on 09/18/2023, 08/22/2023, 08/14/2023 and 07/10/2023, the company reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor in Braskem, in accordance with the rules set out in the Shareholders’ Agreement signed between Petrobras and Novonor.

It is worth noting that there has been no decision by the Executive Board or the Board of Directors on this matter. Petrobras emphasizes that decisions on investments and divestments are based on careful analysis and technical studies, in compliance with governance practices and applicable internal procedures