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Petrobras to restructure petchems portfolio

1:53 PM MDT | June 17, 2013 | Clay Boswell

Petrobras’s board has approved the restructuring of its petrochemical portfolio, including the merger of wholly owned subsidiaries Comperj Participações, Comperj Estirênicos, Comperj MEG, and Comperj Poliolefinas, the company announced on 14 June. Petrobras said the move will lower management costs, streamline and better align business decisions, rationalize the company’s activities, and simplify procedures that reallocate investment resources. A special shareholders meeting will be convened to vote on the...

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