Braskem may announce Sunoco petchem acquisition soon - report

30 January 2010 19:36  [Source: ICIS news]

HOUSTON (ICIS news)--Braskem could announce an acquisition of US Sunoco’s petrochemical operations as early as Monday, a Brazilian newspaper said on Saturday.

The newspaper O Estado de S Paulo said the acquisition was valued at $400m (€288m).

The newspaper did not cite a source.

Spokespersons for Sunoco and Braskem could not be immediately reached for comment.

($1 = €0.72)

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By: Brian Ford
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