UPDATE 3-LyondellBasell in exclusive talks to acquire control of Braskem

15 Jun 2018

SAO PAULO, June 15 (Reuters) – LyondellBasell Industries NV
and Odebrecht SA, the controlling owner of
petrochemicals producer Braskem, said on Friday they have
entered into exclusive talks for Lyondell to acquire control of
Braskem, and two people familiar with the matter said the
companies are planning a cash and shares deal that could top $9
billion.

Read full article at Reuters