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

LYONDELLBASELL INDUSTRIES (LYB)
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LyondellBasell Industries : Makes Takeover Approach to Braskem

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10/30/2017 | 06:32pm CEST
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]

Stocks mentioned in the article
ChangeLast1st jan.
BRASKEM SA 0.00% 47.1 End-of-day quote.12.11%
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Financials ($)
Sales 2018 35 916 M
EBIT 2018 5 418 M
Net income 2018 4 172 M
Debt 2018 5 954 M
Yield 2018 3,50%
P/E ratio 2018 10,28
P/E ratio 2019 10,19
EV / Sales 2018 1,35x
EV / Sales 2019 1,34x
Capitalization 42 390 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
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 117 $
Spread / Average Target 8,5%
EPS Revisions
Managers
NameTitle
Bhavesh Vaghjibhai Patel Chairman-Management Board & CEO
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
Sector and Competitors
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LYONDELLBASELL INDUSTRIES-2.39%42 390
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%98 243
AIR LIQUIDE-0.33%55 127
PRAXAIR-2.02%43 266
SHIN-ETSU CHEMICAL CO LTD-10.41%42 828
NAN YA PLASTICS CORP--.--%22 568