# LyondellBasell and Odebrecht enter exclusive talks for Braskem merger

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.

- Type: Acquisition
- Announced: 2018-06-20
- Status: rumored
- Products: polypropylene, petrochemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Braskem](https://endata.com/companies/1071.md) (target)
- [ODEBRECHT](https://endata.com/companies/16938.md) (target)
- [LyondellBasell Industries NV](https://endata.com/companies/21448.md) (acquirer)

## Sources

- [canplastics.com](https://www.canplastics.com/materials/lyondellbasell-braskem-confirm-merger-talks/1003448397/), 2018-06-20: "Both LyondellBasell and Braskem share a strong culture of operational excellence and legacies of value-creating innovation."

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