InsideArbitrage Potential Deal Alert: Adnoc, Apollo Offer $7.6 Billion for Brazil’s Braskem (BAK),

  • May 7, 2023

According to Bloomberg, Braskem SA (BAK), one of the world’s top petrochemicals makers, received an offer of as much as 37.5 billion reais ($7.6 billion) from Abu Dhabi National Oil Co. and Apollo Global Management.

Update(s):

June 15, 2023: According to Bloomberg, Petroleo Brasileiro SA is not considering proposing an offer to buy out Brazilian petrochemical maker Braskem SA.