Braskem Unloads Water Treatment Assets

Braskem Unloads Water Treatment Assets

Brazil M&A

Brazil’s Braskem has sold BRL652m ($318m) in water treatment assets to Odebrecht Ambimental, it says. The transaction includes 100% of the Aguas Camacari treatment facility and 54% of the Cetrel treatment services provider. The two are responsible for treating industrial waste at the Camacari petrochemical complex in the state of Bahia. “The asset sale is strategically positive as it reinforces the company's commitment to a [deleveraging] process and to its strategy of focusing on its petrochemi

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