UPDATE 2-Brazil's Petrobras close to selling Braskem stake -source

viernes 22 de enero de 2016 16:55 GYT

* Petrobras hopes to sell Braskem stake by end of June

* Odebrecht unlikely to buy stake from Petrobras -source

* Brazil gasoline 15 pct above world price, diesel 30 pct

* Company has ruled out fuel-price cut in 2016 (Adds value of Petrobras shares in Braskem, paragraph 3)

By Rodrigo Viga Gaier

RIO DE JANEIRO, Jan 22 (Reuters) - Brazil's state-led oil company Petroleo Brasileiro SA is on the verge of selling its stake in Brazilian petrochemical company Braskem SA and expects to complete the sale by the end of June, a Petrobras source told Reuters on Friday.

Petrobras, as the company is known, has received interest from major international chemical companies for its 36 percent stake in Braskem's total capital, the source said.

Petrobras owns 47 percent of Braskem's common shares and 21.8 percent of its non-voting preferred stock. Those shares were worth 3.65 billion reais ($892 million) at Friday's close in Sao Paulo.

The source, who spoke on condition of anonymity because the sale talks are private, said it was unlikely that Braskem's controlling shareholder, Brazil's Odebrecht Group, will have the interest or financial strength to buy the stake.   Continuación...