Friday, December 20, 2019

Negotiation for sale of Braskem will not be possible until the end of 2020

The opening of negotiations for the sale of Braskem should only take place from the second half of 2020, due to the company's commitments to solve the problems of its unit in Alagoas. The crisis caused by accusations from public agencies, that it would be responsible for cracking in homes in the area where it exploits salt-yolk, will make any conversation. In May, Dutchman LyondellBasell gave up buying petrochemicals on behalf of Alagoas. The company expects evaluation studies on whether it is in fact responsible for the sinking of three neighborhoods in Maceió to be completed in March. Down below. In addition to being used to confront lawsuits filed in court that total more than R$ 40 billion, the studies will be part of the calculation of various costs related to the problem, with a potential impact on the company's cash generation for years. For example, costs of the indemnities braskem began to make this month to 2,000 people. The number that can grow considerably, since prosecutors pointed to 40,000 affected. The impact will also be due to the closure of 35 sanine exploration wells and, above all, the change in the supply of this raw material to more remote regions and eventually even its import. There are also expenses related to the revitalization of areas on the coast of Lagoa Mundaú, where wells are being closed. The opening of negotiations for the sale of Braskem should only take place from the second half of 2020, due to the company's commitments to solve the problems of its unit in Alagoas. The crisis caused by accusations from public agencies, that it would be responsible for cracking in homes in the area where it exploits salt-yolk, will make any conversation. In May, Dutchman LyondellBasell gave up buying petrochemicals on behalf of Alagoas. The company expects evaluation studies on whether it is in fact responsible for the sinking of three neighborhoods in Maceió to be completed in March. Down below. In addition to being used to confront lawsuits filed in court that total more than R$ 40 billion, the studies will be part of the calculation of various costs related to the problem, with a potential impact on the company's cash generation for years. For example, costs of the indemnities braskem began to make this month to 2,000 people. The number that can grow considerably, since prosecutors pointed to 40,000 affected. The impact will also be due to the closure of 35 sanine exploration wells and, above all, the change in the supply of this raw material to more remote regions and eventually even its import. There are also expenses related to the revitalization of areas on the coast of Lagoa Mundaú, where wells are being closed.
O Estado de S.Paulo - 20/12/2019 News Item translated automatically
Click HERE to see original
Other news
DATAMARK LTDA. © Copyright 1998-2021 ®All rights reserved.Av. Brig. Faria Lima,1993 third floor 01452-001 São Paulo/SP