Web Date: December 4, 2007
Brazil Restructures Petrochemical Sector
Brazil???s state oil company, Petrobras, is reshaping the country???s petrochemical industry with two deals. The company is swapping some of its petrochemical assets in exchange for an 18% equity stake in Brazil???s largest private chemical company, Braskem. It is also forming a new petrochemical company with Brazilian industrial group Unipar.
Under the first deal, Braskem will get full control of Copesul, a petrochemical complex . . .
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