# LyondellBasell ends discussions to acquire Braskem

LyondellBasell announced it has ended discussions regarding the potential acquisition of Braskem.

- Type: Acquisition
- Announced: 2019-06-04
- Status: cancelled
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

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

## Sources

- [innov8chem.com](https://www.innov8chem.com/category/innov8-chem/innov8-updates/page/4/), 2019-06-06: "LyondellBasell has announced in a company news release that it has ended discussions regarding the potential acquisition of Braskem."
- [cen.acs.org](https://cen.acs.org/business/petrochemicals/LyondellBasellBraskem-talks-off/97/i23), 2019-06-07: "LyondellBasell has ended acquisition talks with Odebrecht, the owner of a majority share of Braskem."

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