Brazil's Petrobras is seeking to review Braskem's shareholders agreement with the aim of securing more power to appoint board members and directors. Three sources close to the state-run oil firm confirmed this intention.
This move indicates Petrobras's desire to exert greater influence over the petrochemical firm's strategic decisions and operational management. Braskem is a significant asset in Petrobras's portfolio.
Increased control over Braskem's governance could allow Petrobras to better align the petrochemical company's strategies with its own long-term objectives. This could impact future investments, operational synergies, and overall value creation from the asset.
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