Petrobras Provides Update on Braskem Shareholder Agreement
PetrΓ³leo Brasileiro S.A. - Petrobras has been notified by Novonor S.A. and its related entities regarding the judicial sale of Braskem shares. This transaction is subject to precedent conditions. Petrobras' Executive Board is currently evaluating the terms to determine the company's stance on exercising its Preemptive and Tag Along Rights, as previously approved by the Board of Directors. Additionally, Petrobras received a binding letter from FIP, outlining a new shareholders' agreement for Braskem. This proposed agreement aims to ensure balanced governance between FIP and Petrobras, including requiring consensus on all Board of Directors and General Shareholders' Meeting resolutions, and granting each party the right to appoint an equal number of board members. Petrobras is concurrently evaluating these matters, and any material developments will be promptly disclosed to the market.