Brazil’s Petrobras intends to hold offer to sell its stake in Braskem by February

The offer price and share quantity are subject to Petrobras' internal bodies' endorsement and to the respective regulatory bodies' analysis and approval.

RIO DE JANEIRO, BRAZIL - Petrobras intends to launch an offer for the sale of its stake in Braskem by February. The information is stated in a notice to the market concerning news published recently in the press.

The company intends to sell up to all the preferred shares it holds in Braskem through a secondary share offer ("follow-on"), together with NSP Investimentos, under judicial reorganization, controlled by Novonor (ex-Odebrecht).

JPMorgan is the coordinating bank. The offer price and share quantity are subject to Petrobras' internal bodies' endorsement and to the respective regulatory bodies' analysis and approval, as explained . . .

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