# 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.

- Type: Acquisition
- Announced: 2017-01-27
- Where: Camaçari, Bahia, Brazil
- Value: $196.0M (610.0M BRL)
- Status: announced
- Products: industrial wastewater treatment, solid waste disposal, environmental monitoring, water supply for industrial use
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Braskem](https://endata.com/companies/1071.md) (acquirer)
- [Odebrecht Utilities](https://endata.com/companies/21748.md) (target)
- [Cetrel](https://endata.com/companies/21749.md) (target)

## Sources

- [braskem.com.br](https://www.braskem.com.br/news-detail/braskems-board-authorizes-agreement-to-acquire-cetrel), 2017-01-27: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.