Braskem to attract petrochemical companies, investment funds
The global bidding process initiated by Novonor, formerly Odebrecht, to sell Braskem's control is expected to draw large petrochemical companies and investment funds that have a history of operating in this industry. Sources told Valor that LyondellBasell may return, along with relevant names in the industry, such as Sabic, China Petrochemical Corporation (Sinopec), Formosa, Total and Dow. On the financial investors' side, Blackstone, Apollo and Advent are pointed out as potential interested parties. Sources...
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