Aug 11 (Reuters) - Brazilian businessman Nelson Tanure may give up on his bid to acquire a controlling stake in Latin America's largest petrochemical firm Braskem as his exclusive negotiations window nears closing without an agreement to resolve claims from an environmental incident linked to the company. Last May, Tanure signed a 90-day exclusivity document to discuss... Continue Reading →
Talks for Braskem’s US assets could hit resistance from prospective owners
Aug 8 (Reuters) - Groups vying for control of Brazilian petrochemical producer Braskem are expected to resist a sale of its U.S. assets, three people close to the discussions told Reuters. Brazilian chemical company Unipar is in talks to acquire Braskem's polypropylene plants in Texas, Pennsylvania, and West Virginia for around $1 billion, according to a report... Continue Reading →