Braskem acquires 61.1% stake in Wise Plásticos for R$121 million

Braskem entered into an agreement to acquire a 61.1% equity interest in Wise Plásticos, a Brazilian mechanical recycling company, for an estimated R$121 million. The investment will be used to double Wise's recycling capacity to about 50,000 tons/year by 2026.

“Braskem will acquire an equity interest of 61.1% in the share capital of Wise for an estimated amount of R$121 million, part of which will be used to expand its current production capacity by two-fold to around 50,000 tons/year of recycling by 2026.”braskem.com

• 2 sources
• braskem.comNews - Braskem acquires equity interest in Wise PlásticosAug 4, 2022
• akm.ruBraskem S.A. acquires Wise Plásticos S.A. | AKM ENAK&MAug 4, 2022

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