Summary by Futu AI
Petroleo Brasileiro SA Petrobras (Petrobras) has officially completed the sale of its stake in METANOR S/A - Metanol do Nordeste (Metanor), as announced on June 13, 2024. The sale includes Petrobras' 50% of the voting capital and 34.54% of the total capital in Metanor. This move follows the Material Fact disclosed on October 27, 2022, and adheres to the company's internal governance procedures. Metanor, established in 1969 and co-controlled by Petrobras and Dexxos Participações S.A., is involved in the methanol market, including the production and commercialization of methanol derivatives such as formaldehyde and hexamine, through its subsidiary COPENOR - Companhia Petroquímica do Nordeste S.A.