Reuters: LyondellBasell near binding offer for Brazil’s Braskem – Braskem S.A. (NYSE:BAK)


LyondellBasell (LYB +1.6%) is close to presenting a binding offer to acquire control of Brazilian petrochemical company Braskem (BAK +1.5%), Reuters reports.

LYB is discussing an extension of a long-term naphtha supply contract with Petrobras (PBR +2.3%) seen as pivotal to valuing BAK, and talks between the companies are expected to finish over the next few days, according to the report.

PBR reportedly is still discussing whether to sell its full stake in BAK or hold onto shares in the combined company, which would be the world’s largest petrochemical company.





Source link

You may also like

Leave a Reply

Your email address will not be published. Required fields are marked *

Popular News

Featured News

sorry there is no post in this category

Trending News

Get Your Video Training Course

Automate Your Entire Months Content In Seconds

Facebook Like Box

Recent Posts

Learn How to Make Money Without Selling Anything