Braskem shares are trading higher after Petrobras in an SEC filing said it received a proposal for Novonor S.A.'s Braskem stake from Apollo and Adnoc.
Portfolio Pulse from Benzinga Newsdesk
Petrobras has received a proposal from Apollo and Adnoc for the acquisition of Novonor S.A.'s stake in Braskem. This news has led to an increase in Braskem's share price.
May 19, 2023 | 12:59 pm
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NEUTRAL IMPACT
Petrobras has received a proposal from Apollo and Adnoc for the acquisition of Novonor S.A.'s stake in Braskem.
While the news is related to Petrobras receiving a proposal for the acquisition of Novonor's stake in Braskem, it does not directly impact Petrobras' stock price in the short term. The focus is on Braskem's share price movement.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Braskem's shares are trading higher after Petrobras received a proposal from Apollo and Adnoc for Novonor's stake in the company.
The proposal for the acquisition of Novonor's stake in Braskem by Apollo and Adnoc has led to an increase in Braskem's share price. This news is directly related to Braskem and has a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100