Aug. 06, 2019News & Opinions
Brazilian petrochemicals giant Braskem, the country’s largest plastics and petrochemicals producer and the largest producer of PP in North America, has officially abandoned plans to build an ethane cracker near Parkersburg in ...
Jun. 05, 2019News & Opinions
LyondellBasell has ended talks with Brazilian conglomerate Odebrecht regarding the potential acquisition of Braskem. Odebrecht is the controlling shareholder of the Sao Paulo-based petrochemicals producer.
May. 21, 2019News & Opinions
The New York Stock Exchange (NYSE) suspended trading of Braskem's US-listed shares on May 13 as the company said it would miss the deadline to file its 2017 annual report. The Brazilian petrochemical producer was due to file the report ...
Mar. 22, 2019News & Opinions
A deal between Brazilian conglomerate Odebrecht and LyondellBasell over a possible sale of Odebrecht’s 38.3% share in compatriot petrochemical producer Braskem to the Texas-managed group may take longer than anticipated.
Nov. 19, 2018News & Opinions
LyondellBasell CEO Bob Patel either is trying to build suspense for an announcement that it has sealed a deal with Brazilian construction group Odebrecht about acquiring its 38.3% share in chemical producer Braskem or just wants to keep ...
Nov. 15, 2018News & Opinions
LyondellBasell has not moved significantly closer to concluding a takeover agreement for Brazilian chemical major Braskem, remarks by the Texas-managed petrochemicals group’s CEO Bob Patel at the recent annual meeting of the Latin ...
Oct. 10, 2018News & Opinions
Leading distributor Univar, currently merging with US rival Nexeo Solutions, has been chosen by Braskem to distribute the Brazilian petrochemical group’s polyisobutylenes (PIBs) in the Nordics (Norway, Sweden, Finland, Denmark and ...
Aug. 20, 2018News & Opinions
Brazilian oil giant Petrobras is rethinking earlier plans to exit petrochemicals producer Braskem, the company’s Chief Financial Officer Rafael Grisolia told the news agency Bloomberg.
Jul. 13, 2018News & Opinions
Brazilian conglomerate Odebrecht is poised to agree on the sale of its controlling stake in compatriot petrochemical producer Braskem to LyondellBasell by mid-October, according to a report by Brazilian financial newspaper Valor Econômico.
Jun. 18, 2018News & Opinions
LyondellBasell has confirmed exclusive talks with Braskem‘s controlling shareholder, Odebrecht, about acquiring the Brazilian petrochemicals producer. The companies said a deal “would create significant value.”
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