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  • Included in the sanction, Petrobras will divest all of its interests in Petroquimica Innova, for a consideration of $372 million to Videolar SA. Innova is a petrochemical firm that engages in the manufacture of styrene, ethylbenzene and polystyrene, which are utilized to produce household appliances and other products.Moreover, as part of the permission given by the board, Petrobras will sell its
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