Petrobras Reportedly Supports IG4 Plan to Control Braskem Stake

Key Takeaways Petrobras is in advanced talks over IG4's plan to acquire Novonor's controlling stake in Braskem.IG4 gained exclusive rights by buying Novonor's debt, paving a path to Braskem control.Petrobras seeks greater influence in Braskem's direction without raising its ownership stake.Petrobras (PBR) , Brazil's state-controlled integrated oil and gas company, is reportedly engaging in advanced discussions regarding a strategic move that has the potential to significantly transform the petrochemical ind ...