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Companies and institutions

Braskem S.A.

Petrochemical company listed on B3 and the NYSE, formed in 2002; shareholders listed in the entry: Novonor (38.32%) and Petrobras (36.15%) — to be checked. Signed a leniency agreement in 2016 linked to Lava Jato.

Documented links

  • Braskem S.A. signed an agreement with SEC: Braskem's agreement with the SEC in 2016 in the context of Lava Jato.
    Sources (1)

    SEC (Litigation Release 23705, December 21, 2016): Braskem's global settlement with the SEC, DOJ, and authorities in Brazil and Switzerland of US$957 million, including disgorgement of US$325 million (US$65 million to the SEC and US$260 million to Brazilian authorities) and more than US$632 million in criminal penalties.

    Official documentProven in a document
  • Odebrecht (now Novonor) relationship with Braskem S.A.: Novonor (formerly Odebrecht) appears as a Braskem shareholder (38.32% in the entry consulted); an equity stake, not wrongdoing.
    Sources (1)

    Braskem is a petrochemical company listed on B3 and the NYSE; its shareholders listed in the entry are Novonor (38.32%) and Petrobras (36.15%); it signed a leniency agreement in 2016 with authorities in Brazil, the US and Switzerland linked to Lava Jato.

    News reportSingle source
  • Petróleo Brasileiro S.A. — Petrobras relationship with Braskem S.A.: Petrobras appears as a Braskem shareholder (36.15% in the entry consulted); an equity stake.
    Sources (1)

    Braskem is a petrochemical company listed on B3 and the NYSE; its shareholders listed in the entry are Novonor (38.32%) and Petrobras (36.15%); it signed a leniency agreement in 2016 with authorities in Brazil, the US and Switzerland linked to Lava Jato.

    News reportSingle source

Evidence

Braskem is a petrochemical company listed on B3 and the NYSE; its shareholders listed in the entry are Novonor (38.32%) and Petrobras (36.15%); it signed a leniency agreement in 2016 with authorities in Brazil, the US and Switzerland linked to Lava Jato.

News reportSingle source