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LyondellBasell Industries and Odebrecht S.A., controlling shareholder of Braskem, have entered exclusive talks regarding a potential merger that would give LyondellBasell a controlling stake in Braskem. The announcement was made on June 20, 2018.
“Both LyondellBasell and Braskem share a strong culture of operational excellence and legacies of value-creating innovation.”canplastics.com
Summarized from public sources; check the original articles before acting on it.