Petrobras Ups Stake in Braskem to 25% Through Asset Swap, Buys 40% Stake in Unipar

The move will consolidate the fragmented chemical sector in Brazil. Braskem gains Petrobras’s chemical assets including a 37.3% stake in Companhia Petroquimica do Sul (Copesul; Truinfo); 40% of the total capital of Ipiranga Quimica and Ipiranga Petroquimica; 40% of the total capital of Petorquimica Paulinia; and 100% of the total capital of Petroquimica Triunfo....

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