Brazilian national oil group Petroleo Brasileiro (Petrobras) is reportedly within six months of reaching a consensus with construction group Odebrecht on a new...
09.01.2018
- Brazil’s Petrobras has agreed to pay $2.95 billion to settle a class-action lawsuit in the US relating to the “car wash” scandal that erupted in 2014. The settlement is said to be...
24.01.2017
- Teori Zavascki, a Brazilian Supreme Court justice overseeing parts of the Operation Car Wash corruption investigation involving oil giant Petrobras, was killed, along with four...
13.01.2017
- Major Latin American chemical distributor GTM Holdings, majority owned by private equity firm Advent International, has agreed to buy Brazilian rival quantiQ from Braskem, creating...
16.12.2016
- Brazilian polyolefins producer Braskem has agreed to pay fines and indemnities worth $957 million relating to the “car wash” scandal that erupted in 2014. The company has signed a...
29.09.2016
- Alpek, the petrochemicals arm of Mexican conglomerate Alfa, has been granted a 30-day extension to continue exclusive negotiations to acquire Petroquimica Suape and Citepe from...
23.09.2016
- Brazilian oil giant Petrobras is planning to exit its petrochemical investments and other activities as it seeks to accelerate its debt reduction. The troubled Rio de Janeiro-based...
22.03.2016
- China could be poised for another spectacular takeover of a Western company, as China National Offshore Oil Corporation (CNOOC) is seen to be mulling a deal for Brazilian...
