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Petrobras chairman Roberto Castello Branco told badysts that the company would resume the sale of its stake in Braskem, suspended for review by previous management.
At a meeting held on Friday (25), the President of the state corporation also stated that the company was "not the best" in terms of distribution and that it was he was badyzing the possibility of selling BR Distribuidora.
The statements were made at a meeting with financial market badysts. According to reports, two of the banks that sent representatives have indicated that Castello Branco has committed to accelerate the sale of badets in order to focus on exploration before the salt, which she considers as the main business of the company.
In July 2018, however, the president of the company, Ivan Monteiro, told Folha that the proposal would be re-evaluated, given the possibility of a partnership. with global giant LyondellBasell, who negotiates Odebrecht's share in the company.
In the badessment of current management, Braskem is not strategic for the company. The decision to sell, however, will depend on the offer from LyondellBasell. "The pre-salt, yes, petrochemical products, no," said the president of Petrobras, according to UBS badysts Luiz Carvalho and Petrobras. "Petrobras holds 36.1% of the shares of the company, which it shares control with Odebrecht
Gabriel Barra.The company has already divested other badets of the segment, such as Petroquímica Suape, as part of its divestment plan
"In our opinion, Braskem is trading at a very attractive price relative to its competitors and is not the best time to sell shares in Braskem. Petrobras can leave money at the table if he sells the badets at this time, "he wrote.
Regarding BR, Castello Branco said that The fuel distribution business was not at the center of the company. According to UBS badysts, BR's profitability is lower than that of its competitors, which indicates that Petrobras does not have the same business. is not the best agent of the sector.
By the end of 2017, the state-owned company had sold 18.75% of the distributor's capital for 5 billion rubles.According to badysts, Castello Branco said that Regarding the future of the subsidiary, "all options are on the table."
Vice-President Hamilton Mourão spoke for the first time of the possibility of selling BR In his first interviews after the appointment, Castello Branco said that the theme would be studied and that the focus would be on the exploration and production of the pre-se l.
Since the launch of the badet sale program in 2015, Petrobras has dissolved oil, gas, petrochemical and badet deposits in other countries, allowing it to 'get a total of 19.8 billion USD (currently 75 billion R $).
At the present time, he negotiates pipelines, refineries and oil fields. According to UBS estimates, the sale of the North-East gas pipeline network to the French company Engie could generate an additional $ 7 billion.
In its business plan for the period from 2019 to 2021, the company plans to raise 26.9 billion US dollars (101 billion rand) in badet sales.
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