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Petrobras' Braskem Exposure Faces Test as Debt Talks Continue
Petrobras PBR is taking a cautious approach toward Braskem BAK as the financially strained petrochemicals producer works to restructure its debt. Petrobras CEO Magda Chambriard said the state-controlled oil company does not currently plan to increase its stake in Braskem or inject additional capital unless other shareholders also contribute. According to Bloomberg, Chambriard made the comments on the …