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4-Traders Homepage  >  Equities  >  Nyse  >  LyondellBasell Industries    LYB   NL0009434992

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LyondellBasell Industries : Makes Takeover Approach to Braskem

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10/30/2017 | 06:32pm CET
By Dana Mattioli and Dana Cimilluca 

LyondellBasell Industries NV has made a takeover approach to Braskem SA, according to people familiar with the matter, eyeing a deal that could value the Brazilian petrochemical company at well over $10 billion.

The talks are at an early stage, the people said, and there is no guarantee there will be a deal.

Should there be one, it would be substantial: Braskem on Monday had a market value of about 37 billion Brazilian real ($11.4 billion) and nearly as much debt. LyondellBasell had a market value of about $40 billion.

It would also be the second-largest Brazilian M&A deal, according to Dealogic. There has only been one double-digit-billion dollar deal in the country, according to the data provider's records: a $43 billion acquisition of oil-and-gas assets by Petrobras, announced in 2010.

LyondellBasell and Braskem operate in similar product lines but different geographies. Products include polyethylene, which is used in everyday items such as garbage bags and milk jugs. A deal would also give LyondellBasell access to faster-growing Latin American markets.

Write to Dana Mattioli at [email protected] and Dana Cimilluca at [email protected]

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Financials ($)
Sales 2017 33 998 M
EBIT 2017 5 695 M
Net income 2017 4 001 M
Debt 2017 6 903 M
Yield 2017 2,96%
P/E ratio 2017 12,01
P/E ratio 2018 12,42
EV / Sales 2017 1,59x
EV / Sales 2018 1,61x
Capitalization 47 304 M
Chart LYONDELLBASELL INDUSTRIES
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LyondellBasell Industries Technical Analysis Chart | LYB | NL0009434992 | 4-Traders
Technical analysis trends LYONDELLBASELL INDUSTRIES
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 109 $
Spread / Average Target -8,8%
EPS Revisions
Managers
NameTitle
Bhavesh Vaghjibhai Patel Chief Executive Officer
Robert G. Gwin Chairman-Supervisory Board
Thomas Aebischer Chief Financial Officer & Executive Vice President
Massimo Covezzi Senior Vice President-Research & Development
Bruce A. Smith Member-Supervisory Board
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