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Braskem SA (BRKM5.SA)

BRKM5.SA on Sao Paulo Stock Exchange

9:07pm GMT
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Latest Key Developments (Source: Significant Developments)

LyondellBasell makes takeover approach to Braskem - WSJ
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Braskem Sa :LyondellBasell makes takeover approach to Braskem - WSJ, citing sources.LyondellBasell deal could value the brazilian petrochemical company at well over $10 billion- WSJ‍​.  Full Article

Joint venture of Braskem SA and Mexico's group Idesa starts production of polyethylene
Thursday, 7 Apr 2016 

Braskem SA:Says that Braskem Idesa, a joint venture of the company and Mexico's group Idesa, has started production of polyethylene in Mexico's Petrochemical Complex in Veracruz state.Says that the goal is to reach production capacity of 1.1 million tons of polyethylene per year.  Full Article

Braskem SA updates of FY 2015 dividend payment
Thursday, 7 Apr 2016 

Braskem SA:Says it has approved dividend payment for fiscal year 2015 in the amount of 1.0 billion Brazilian reais.Dividend corresponds to 1.257 reais per ordinary or preferred share of class A, to 0.606 reais per preferred share of class B and to 2.513 reais per ADR.Payment to be done as of April 15.  Full Article

Braskem SA - U.S. probes Brazil's Odebrecht, Braskem for corruption -Valor - Reuters News
Tuesday, 29 Mar 2016 

Braskem SA:The U.S. Department of Justice is investigating possible corruption in contracts among Brazilian petrochemical company Braskem, engineering conglomerate Odebrecht and the country's state-run oil company Petrobras, a newspaper said on Tuesday - RTRS.Local daily Valor Economico said the Justice Department was focusing its investigation on whether the companies violated the Foreign Corrupt Practices Act in naphtha supply contracts since 2009 between Petrobras and Braskem, which has Odebrecht as a controlling shareholder.Braskem has been the target of a shareholder suit filed in mid-2015 in the United States over the alleged release of false statements to shareholders.Braskem on Tuesday said that its lawyers abroad were sharing information with the DOJ and the Securities and Exchange Commission about an internal investigation it opened last year.Odebrecht said it had not been notified by the DOJ and would therefore not comment. The Department of Justice and SEC had no comment.In morning trade on the Sao Paulo stock change, Braskem fell 1.6 percent.Braskem trades as an American Depository Receipt BAK.N on the New York Stock Exchange, where the stock fell 2.1 percent.Braskem, Latin America's largest petrochemical company, has long relied on Petrobras to supply it with naphtha, the main feedstock that it uses for producing plastics and other petrochemicals.  Full Article

Braskem SA to propose dividend payment
Tuesday, 8 Mar 2016 

Braskem SA:Says on April 6 it will deliberate on the proposal of dividend payment for fiscal year 2015 in the amount of 1.0 billion Brazilian reais.Dividend corresponds to 1.257 reais per ordinary share and per preferred share class A and to 0.606 reais per preferred share class B.Payment to be done in April.If approved, record date April 6.Shares to be traded ex-dividend as of April 7.  Full Article

UPDATE 1-Brazil's Odebrecht mulls selling part of stake in Braskem -report

SAO PAULO, Feb 14 Brazilian conglomerate Odebrecht SA may sell part of its stake in petrochemical company Braskem SA or try to get credit from banks using its stake as collateral, Brazilian newspaper Valor Economico reported on Wednesday.