Radar > 233311

Saudi Aramco negotiates acquisition of 36% of Braskem

Saudi Aramco estaria negociando a compra de 36% Braskem

Intel ID : 233311
Synopsis

Petrobras (BVMF:PTR3, PETR4, PBRA; BMAD:XPBR, XPBRA; NYSE:PBR, PBRA), a Brazilian state-owned power company, could be negotiating the sale of a 36% stake in Brazilian petrochemical company Braskem (BVMF:BRKM3, BRKM5, BRKM6) to Saudi Arabia-based Saudi Aramco, as published by newspaper Estadão on 25 January 2016.

According to the news, Saudi Aramco's interest for Braskem is old. Furthermore, a group o Chinese companies could also be interested in this acquisition.

Petrobras may have hired Banco Bradesco as financial adviser. Canada-based Brookfield Asset Management and a British firm, whose identity was not disclosed, could be other potential buyers. (see related intel)
(content in portuguese)

A Petrobras (BVMF:PTR3, PETR4, PBRA; BMAD:XPBR, XPBRA; NYSE:PBR, PBRA), empresa petrolífera estatal brasileira, estariam em negociando a venda de 36% da petroquímica brasileira Braskem (BVMF:BRKM3, BRKM5, BRKM6) para a petrolífera Saudi Aramco, da Arábia Saudita, segundo publicou o Estadão em 25 de janeiro de 2016.

De acordo com a notícia, o interesse da Saudi Aramco pela Braskem é antigo. E um grupo de empresas estatais chinesas também teriam interesse pela empresa brasileira.

A Petrobras teria contratado o Banco Bradesco como assessor financeiro e canadense Brookfield Asset Management e uma empresa britânica, cujo nome não foi revelado, seriam outros potenciais compradores. (ver Intels relacionados)

Bidder

Aramco
Saudi Arabia

Target

Seller

Petrobras
Brazil

Advisors

prospect

Intel ID 233311
Value ND
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - Braskem
(31 Dec 2023)
Revenue: EUR 13.155,55m
EBITDA: EUR 450,02m
Net Debt: EUR 4.305,02m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Services and Distribution / Water and Sanitation
Primary Sector (TTRSC)
20.02.05 Oil & Gas Exploration & Production (Upstream)
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Secondary Sectors (TTRSC)
20.05.01 Sewage Treatment
20 Energy & Utilities / 20.05 Water Services

Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Industry / Chemical and Chemical Materials (Primary)
Primary Sector (TTRSC)
55.02.05 Plastics
55 Raw Materials & Natural Resources / 55.02 Chemicals

Secondary Sectors (TTRSC)
55.02.02 Industrial Chemicals & Gases
55 Raw Materials & Natural Resources / 55.02 Chemicals

Country
Website
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Energy and Renewable Energies / Oil and Gas (Primary)
Primary Sector (TTRSC)
20.02.02 Multiline Oil & Gas
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.