The government of Brazil's President Luiz Incio Lula da Silva is working towards a corporate transaction that could potentially facilitate the financial recovery of Novonor (formerly known as Odebrecht) and bolster Petrobras' reentry into the chemical industry via part-nationalization of petrochemical company Braskem.Braskem is a Brazilian petrochemical company headquartered in So Paulo.The largest petrochemical company in Latin America has become a major player in the international petrochemical market.Novonor was the contractor most prominently involved in the Lava Jato operation.Many of its executives turned whistleblowers, providing crucial evidence in now-overturned convictions against ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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