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NEWS Braskem future uncertain as Petrobras plans divestitures, faces corruption scandal
2015-07-08 22:40:08| Chemicals - Topix.net
New chapters in the corruption scandal involving Braskem SA's two biggest stakeholders and the possibility of state-run oil company Petrobras selling its stake in the company have added to uncertainties regarding the future of Brazil's biggest material supplier for the plastics industry. Brazilian newspaper Valor Economico reported July 6 that state-run oil company Petroleo Brasileiro SA, or Petrobras, could sell its stake in Braskem as part of its divestiture plan, if it finds an interested buyer.
Braskem Not Fully Broken
2015-06-17 22:56:22| Steel - Topix.net
Braskem remains the dominant supplier of basic petrochemicals to the Brazilian market, but Brazil's economic malaise has hurt demand and weighed heavily on the shares. A new naptha supply agreement is likely to be more expensive for Braskem and book value could turn negative ahead of a new plant start-up in Mexico.
Petrobras considers divestment of stake in Braskem for $903m
2015-04-14 01:00:00| Hydrocarbons Technology
Brazil's state-run oil company Petrobras is believed to be selling its stake in petrochemicals firm Braskem, for about $903m, amidst a massive corruption scandal and drop in oil prices.
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Petrobras Shares Jump on Plans to Sell Braskem Stake
2015-04-13 17:24:42| Chemicals - Topix.net
Shares in Brazil's Petrobras rose 6 percent on Monday after local media reported that the state-run oil company plans to sell a stake in petrochemicals firm Braskem SA for around 2.8 billion reais . The report in Broadcast, the real-time news service of newspaper Estado de S. Paulo, did not name any potential buyers or say at what stage the sales process was.
Braskem backs out of multi-billion dollar Comperj project in Brazil
2015-02-18 00:29:40| Chemicals - Topix.net
Braskem SA is backing away from a planned multi-billion dollar investment in Brazil's largest petrochemical expansion site, the Petrochemical Complex of Rio de Janeiro Don't worry, it's painless. A click of the mouse, a few key taps, and you'll continue to enjoy free access to our website, plus other exclusive benefits, by joining the Plastics News Digital Community .
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