Petrobras announced on Thursday exclusive talks with the Mexican group over the sale of PetroquimicaSuape and Citepe. The Brazilian company and Alpek will negotiate the deal for 60 days.
Petrobras' petrochemical units have accumulated 5.6 billion reais ($1.7 billion) in losses over the last two years, which included impairment charges related to the largest-ever corruption probe in Brazil.
The plants in Pernambuco produce PTA, raw material for PET resin, and polyester fiber.
