Petrobras mulls sale of $1.4-billion Braskem stake Brazil’s state-controlled oil producer Petrobras is seeking to sell its $1.4 billion stake in petrochemical producer Braskem, according to newspaper Folha de Sao Paulo. Petrobras has hired Brazilian bank Bradesco as a financial adviser and has started to pitch the sale to foreign investors, Folha said. The sale would help Petrobras meet its target of selling $15.1 billion worth of assets in 2015-16, a key part of its plan to cut debt as oil prices plunge to 12-year lows. Reuters reports. Isagen falls one day before auction with one bidder left Colombia to hold auction of its majority stake on Wednesday Colombian state-controlled power generator Isagen fell in the final day of trading […]
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