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LyondellBasell Makes Takeover Approach to Braskem

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...


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