|Bid||19.68 x 800|
|Ask||19.71 x 800|
|Day's Range||19.57 - 19.77|
|52 Week Range||17.88 - 30.44|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||8.94|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The board of Brazilian petrochemicals producer Braskem SA has approved an agreement with authorities to pay 410 million reais ($101 million) to settle its involvement in the 'Car Wash' corruption case, Braskem said on Monday in a filing. The sprawling corruption investigation known as Car Wash uncovered a web of political kickbacks and bribes involving overpriced engineering and construction firm contracts with state-run oil company Petroleo Brasileiro SA, known as Petrobras. Braskem said the agreement with Brazil's comptroller general's office and the government's solicitor general covered the same facts that were the subject of a global settlement reached in 2016 with the U.S. Department of Justice, the U.S. Securities and Exchange Commission and the Swiss Office of the Attorney General to resolve international charges involving payoffs to Petrobras.
The board of Brazilian petrochemicals producer Braskem SA has approved the signing of leniency deal with Brazil's comptroller general's office and the government's solicitor general in the Car Wash corruption case, the company said on Monday in a filing. Braskem will pay 410 million reais to settle the case of political kickbacks and bribes involving contracts with state-run oil company Petroleo Brasileiro SA. Braskem and engineering group Odebrecht, which jointly owns the petrochemical firm with Petrobras, agreed in 2016 to pay U.S., Swiss and Brazilian authorities $3.6 billion to resolve international charges involving payoffs to the oil company and others.
Latin American currencies softened against the dollar on Monday, with global risk appetite hammered by rising U.S.-China trade tensions, which prompted some investors in Latin American stocks to cash out ...
Brazil's Braskem SA, Latin America's largest petrochemical producer, said on Monday the New York Stock Exchange will start a delisting process for its U.S.-listed shares, after it failed to file its 2017 annual report on time. Trading of its Braskem's American depositary shares (ADS) has been suspended and holders can ask the Bank of New York Mellon to exchange each of their shares for two underlying preferred Class A shares, which are traded on the Brazilian Stock Exchange, the company said http://bit.ly/30jnQLI in a delayed filing with the U.S. Securities and Exchange Commission. The delayed SEC filing was one of the main hurdles to the completion of an $11 billion takeover of Braskem by LyondellBasell Industries NV, Reuters reported previously.
Brazilian petrochemical company Braskem SA said on Monday the New York Stock Exchange will initiate a delisting process for the company's American depositary shares, after it failed to file its annual ...
Brazilian petrochemical company Braskem SA is preparing alternatives in the event the company is forced to stop its mining activities in the northeastern state of Alagoas, its chief executive officer said on Thursday. A report by the country's Geological Service released on Wednesday blamed mining by Braskem in the city of Maceio for damages to local real estate. State prosecutors requested last month that 6.7 billion reais ($1.7 billion) of Braskem funds be frozen to pay for the damages.
Brazilian petrochemical company Braskem SA is preparing alternatives in the event the company is forced to paralyze its mining activities in the northeastern state of Alagoas, its Chief Executive Officer told journalists on Thursday. CEO Fernando Musa said the company is reviewing the report and considering alternatives to the mining in the region, which supplies raw material for the production of PVC.
At the same time, Moody's Investors Service has withdrawn OEC's C corporate family rating on its global scale. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings available on its website, www.moodys.com.br.
Healthy oil prices, increased optimism about the WildHorse buyout and Powder Basin region, and higher projected output for 2019 are favoring Chesapeake (CHK).
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Zacks Value Trader Highlights: Braskem, Bank of Montreal, Carrefour, Telecom Italia and Geely Auto
Brazilian conglomerate Odebrecht SA's efforts to sell petrochemical maker Braskem SA to LyondellBasell Industries NV may take months longer than expected because of issues linked to a delayed U.S. filing and a supply contract, three sources with knowledge of the matter said. The talks to sell Odebrecht's controlling stake are the first step in an $11 billion deal Lyondell aims to complete to create the world's largest petrochemical company and would also involve state oil company Petroleo Brasileiros SA, Braskem's other big shareholder. Lyondell will only be able to extend the offer to Petrobras, which owns a 36 percent stake in Braskem, once Odebrecht agrees to a deal.
Brazilian petrochemical company Braskem SA expects to file its 2017 20-F form with the Securities and Exchange Commission before May 16 to avoid the delisting of its shares from the New York Stock Exchange, Chief Financial Officer Pedro Freitas said on Thursday. Freitas told journalists the delays in the filing of the document, which must be submitted by all foreign private issuers with listed equity shares on U.S. exchanges, are related to an analysis of the effectiveness of Braskem's internal controls. If the form is not filed, Braskem's American Depositary Receipts could be delisted and traded only over the counter.
Brazilian petrochemical company Braskem SA expects to file its 2017 20-F form with the Securities and Exchange Commission before May 16 to avoid the delisting of its shares from the New York Stock Exchange, ...