Petrobras Advances Braskem Deal to Brazil’s Antitrust Regulator
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Petrobras has updated on its negotiations regarding Braskem, with Shine I Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (FIDC) submitting a potential transaction to Brazil’s competition authority. Petrobras is an intervening consenting party, and its participation in a new shareholders’ agreement is subject to internal approvals and final transaction terms. The company will monitor developments and disclose decisions promptly.
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