|Bid||26.54 x 1000|
|Ask||26.58 x 800|
|Day's Range||26.35 - 26.79|
|52 Week Range||21.32 - 30.52|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||12.06|
|Forward Dividend & Yield||1.11 (4.16%)|
|1y Target Est||32.33|
LATIBEX: XBRK), the largest thermoplastics polyolefins producer in the Americas, and the leading producer of biopolymers in the world, today announced a new U.S. distribution partnership for Braskem's growing U.S. polypropylene (PP) business with PolyQuest, Inc., a leading North American polymer resin distributor and recycler.
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, ...
SÃO PAULO, March 13, 2019 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 4Q18 and 2018. HIGHLIGHTS: Braskem - Consolidated: The Company ...
Brazil's recent change of government has further delayed the long-awaited finalization of LyondellBasell Industries NV's plan to buy Brazilian petrochemical company Braskem SA, three sources with knowledge of the matter said this week. Netherlands-based LyondellBasell first said it had entered into exclusive talks to acquire control of Braskem from Brazilian conglomerate Odebrecht SA in June. The current contract with the state-controlled oil company, known as Petrobras, expires in December 2020.
The fourth quarter was a rough one for most investors, as fears of a rising interest rate environment in the U.S, a trade war with China, and a more or less stagnant Europe, weighed heavily on the minds of investors. Both the S&P 500 and Russell 2000 sank as a result, with the Russell 2000, […]
Brazilian construction conglomerate Odebrecht SA is working with local restructuring firm RK Partners to renegotiate a portion of its bank debt, four sources with knowledge of the matter said on Thursday. RK Partners is the second restructuring firm the corruption-ensnared conglomerate has hired recently. Earlier this week, Odebrecht has announced it had hired Moelis & Co and two law firms to restructure $3 billion in bonds issued by its Odebrecht Finance unit.
Brazilian construction conglomerate Odebrecht SA is working with local restructuring firm RK Partners to renegotiate a portion of its banking debt, three sources with knowledge of the matter said on Thursday. RK Partners is the second restructuring firm the corruption-ensnared conglomerate has hired recently. Earlier this week, Odebrecht has announced it had mandated Moelis & Co and two law firms to restructure $3 billion in bonds issued by its Odebrecht Finance unit after missing a deadline to pay $11.5 million in interest due on the debt.
Cash-strapped Brazilian construction firm Odebrecht Engenharía e Construção (OEC) is analyzing options to restructure some US$3bn worth of bonds, after it missed a coupon payment this week that has bondholders prepping for significant losses on their investments. OEC, implicated in a multinational corruption scandal that has impacted countries in Latin America and Africa, hired Moelis & Co and law firm Cleary Gottlieb Steen & Hamilton on Monday to study potential restructuring alternatives after the company said it would skip an US$11.5m coupon payment due on a bond maturing in 2025. A spokesperson for Moelis declined to comment, while representatives for Cleary Gottlieb and Odebrecht did not respond to requests for comment before this article was published.
NEW YORK, Nov. 27, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
LyondellBasell Industries NV is close to presenting a binding offer to acquire control of Brazilian petrochemical company Braskem SA, two people with knowledge of the matter said. LyondellBasell is discussing the extension of a long-term naphtha supply contract with Petroleo Brasileiro SA seen as pivotal to valuing Braskem, and talks between the companies are expected to finish over the next days, the sources said, asking for anonymity because talks are private. Once a long-term supply contract is established, LyondellBasell is expected to bid for control of Braskem, first through an offer to controlling shareholder Odebrecht SA. Odebrecht, a Brazilian conglomerate involved in the country's widest-ever corruption probe, has been forced to sell assets over the last two years.
Brazilian petrochemical firm Braskem does not intend to renegotiate its 20-year ethane supply contract with Mexican state-owned oil company Pemex, but is open to alternatives depending on the stance of the incoming Mexican administration, the company said on Tuesday in a call with analysts. Under the terms of the current deal, Pemex has had to supply ethane to Braskem-Idesa, a consortium led by a unit of graft-stained Brazilian construction firm Odebrecht, well below current market prices. Energy aides to President-elect Andres Manuel Lopez Obrador, who takes office Dec. 1, have said the contract is problematic, but have not yet said what the new government will do about it.
Strong operating results at home and larger margins abroad helped Brazilian petrochemical firm Braskem shrug off a weaker real against the dollar to record a strong third-quarter profit on Monday. The ...
SÃO PAULO, Nov. 12, 2018 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading resin producer in the Americas, announces today its 3Q18 results. HIGHLIGHTS: ...
LATIBEX: XBRK), the Americas' largest resin producer and the world's leading biopolymer producer, has defined a series of global initiatives to boost the Circular Economy in the production chain of manufactured plastic goods. "We are firmly committed to the goal of helping to transform the linear economy into a Circular Economy, effectively demonstrating our commitment to sustainable development," said Fernando Musa, Braskem's CEO. Entitled "Braskem's Positioning for the Circular Economy," the document establishes initiatives for forging partnerships with clients to conceive new products that will extend and facilitate the recycling and reuse of plastic packaging, especially single-use packaging.
Moody's América Latina Ltda., ("Moody's") downgraded to C.br from Caa2.br the corporate family rating assigned on its Brazilian National scale to Odebrecht Engenharia e Construção S.A. (OEC). At the same time, Moody's Investors Service downgraded to C from Caa2 the corporate family rating assigned on its global scale to OEC.
Mexico's incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a unit of Brazilian builder Odebrecht. Under the contract's terms, Pemex has had to supply ethane well below current market prices.