Braskem Adr Class A BAK

Chemicals Basic Materials

Braskem SA is a Brazil-based integrated petrochemical company for the first and second generation of thermoplastic resins. The Company's activities are divided into three operational segments: Brazil; the United States and Europe; and Mexico. The Brazil segment is focused on the production of polyethylene (PE), polypropylene (PP) and polyvinylchloride (PVC) resins, in addition to basic chemical inputs such as ethylene, propylene, butadiene, benzene, toluene, chlorine, soda, and solvents, among others. The United States and Europe segment is responsible for the production of polypropylene in units in the United States and Germany. The Mexico segment consists of the operation of ethylene cracker and polyethylene units located in Mexico.

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Braskem Adr Class A

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Post by logicaltruth1on Mar 12, 2015 8:44pm

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Post# 23516388

Trying to catch this knife at 6.53 or below.

This stock is interesting. It's trading at 6.53 USD and the company has a 2.4B market cap with 8% divi? The association with

Reuters Feb 2015: "Petrobras owns more than 36 percent of Braskem, making it the principal partner of controlling owner Odebrecht, a major industrial conglomerate that has also been caught up in the probe of bribery and kickbacks on billion-dollar contracts."

So the rest of the owners (shareholders) are going, humm, do I want the principal owners to be caught in a probe? i wonder if the Petronas ownership is via common shares or something else?

Very little english news on this company. Time to hit google.br

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