# LyondellBasell continues pursuit of Braskem stake

LyondellBasell Industries continues discussions to purchase a controlling stake in Brazilian petrochemical maker Braskem from Odebrecht, despite delays due to political changes in Brazil.

- Type: Acquisition
- Announced: 2019-02-06
- Where: Brazil
- Status: rumored
- Products: polyethylene, petrochemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [cen.acs.org](https://cen.acs.org/business/mergers-&-acquisitions/LyondellBasell-dawdles-Braskem-acquisition/97/i6), 2019-02-06: "Despite long delays, LyondellBasell Industries says it continues to pursue the possible purchase of a controlling stake in Brazilian petrochemical maker Braskem."

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