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Braskem-Quattor Merger Talks

By Jaylan Boyle, Contributing Reporter

RIO DE JANEIRO - Braskem, the largest petrochemical company in Latin America and the third largest in the Americas behind ExxonMobil and Dow Chemical, is in talks with rival company Quattor in order to identify 'opportunities for a strategic alliance'. The news sent Braskem shares skyward, with an increase of R$0.27.

São Paulo-based Braskem is controlled by construction conglomerate Odebrecht, while Quattor is run by Unipar Participações, a Brazilian petrochemical producer, and by state-owned Petrobras.

Any eventual deal between the two giants will rely on the resolution of differences between . . .

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