Petrobras rejects the idea of increasing its stake in Braskem as it negotiates its debt.
Magda Chambriard, the president of Petrobras, rejected the idea of increasing the state’s stake in the struggling Braskem petrochemical company. She emphasized that any further investment would require involvement from other investors. “We have no plans to increase our involvement, so Petrobras will not invest in Braskem unless other shareholders do so,” she informed reporters…