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

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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