Braskem's sale agreement to LyondellBasell is in the final stretch, says O Globo By Investing.com



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<img alt = "O Globo Signs Agreement on the Sale of LyondellBasell in Braskem

Investing.com – After Driving the Earnings of Most of the Day, Braskem's Stocks (SA 🙂 have lost their vigor, but continued to grow with gains of 1.59% to R $ 52.91 .The performance is a consequence of the news of the news published in the blog of the journalist Lauro Jardim, of O Globo, indicating that the sale of the company to LyondellBasell is well advanced

According to the reporter, the operation would already be in the writing phase

One of the impacts of the l & # 39; Billionaire activity will be the possible attempt to restructure Odebrecht's debt.

Last Thursday, Odebrecht Valor Econômico said that Odebrecht, the majority shareholder in the petrochemical sector, knew that to finalize the sale to the Dutch company LyondellBasell, it should receive a part of the cash payment in a larger proportion initially negotiated.

all his shares in shares of the European company, which is listed on the New York Stock Exchange.

The publication notes that the Dutch company has already indicated that it prefers to carry out the task by making cash payments. However, for Odebrecht, the activity in this way is not interesting.

Valor says Lyondell should come up with a proposal that is lower than initial indications, in order to take advantage of the situation of Odebrecht, which intends to complete the debt restructuring with the banks.

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