January 1, 2011
It is now the largest resin producer in the Americas, according to Credit Suisse, which was not on the transaction.
The deal involved the creation of a new company, BRK Holding, and the realignment of several business units. Prior to the merger, Braskems main shareholders had included Petrobras, with a 25.3% stake and Odebrecht, with 38.3%. They surrendered direct stakes in Braskem to BRK, in which they both now participate, with Petrobras with 46.2% and Odebrecht 53.8%.
Odebrecht injected 1.0 billion reais into the new entity, while Petrobras put in 2.5 billion reais. This was then followed by an additional 5.0 billion reais private subscription by Braskem. The lat
Braskem’s 2010 acquisition of Quattor Participacoes, Polibutenos and Unipar Comercial forges a new petrochemical giant in the Brazilian petrochemicals market.