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Chemical Week Magazine :: Business & Finance :: United States/Americas
Braskem divests water treatment units to Odebrecht Environmental
January 14, 2013 | â€”Kara Sissell
Braskem has sold a water treatment affiliate and a majority stake in a waste treatment firm to Odebrecht Environmental (SÃ£o Paulo) for a combined 652 million reais ($318 million), according to local reports. The assets are part of the CamaÃ§ari petrochemical complex in northern Brazil. Braskem late last month announced the sale of the assets, which include water treatment concern Distribuidora de Aguas CamaÃ§ari and a 54.2% stake in Cetrel, an industrial waste treatment firm. The sale is in line with Braskemâ€™s strategy of streamlining investments to...
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