# LyondellBasell makes bid to acquire Braskem

LyondellBasell made a bid to acquire Brazilian polyolefins producer Braskem, valuing it at R$41.5 billion ($11.4 billion). The proposal was presented to Odebrecht, which owns a 50.1% voting stake, and requires approval from Petrobras.

- Type: Acquisition
- Announced: 2018-05-24
- Where: Brazil
- Value: $11.4B (41.5B BRL)
- Status: rumored
- Products: polyolefins, polypropylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Braskem](https://endata.com/companies/1071.md) (target)
- [LyondellBasell](https://endata.com/companies/1444.md) (acquirer)
- [Petrobras](https://endata.com/companies/2820.md) (partner)
- [ODEBRECHT](https://endata.com/companies/16938.md) (partner)

## Sources

- [polyestertime.com](https://www.polyestertime.com/lyondellbasell-acquire-brazil-braskem/), 2018-05-24: "LyondellBasell valued Braskem at real (R) 41.5bn ($11.4bn) in a bid it made to acquire the Brazilian polyolefins producer."

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