Braskem board authorizes acquisition of controlling stake in Cetrel for R$610M

Braskem's board authorized an agreement to acquire 63.7% of Cetrel from Odebrecht Utilities for R$610 million. Cetrel provides industrial wastewater treatment and environmental services at the Camaçari Petrochemical Complex.

“Under the agreement to acquire 63.7% of the shares in Cetrel held by Odebrecht Utilities, Braskem will pay R$610 million upon the consummation of the transaction.”braskem.com.br

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• braskem.com.brNews - Braskem's board authorizes agreement to acquire CetrelJan 27, 2017

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