Braskem S.A. (BOVESPA:BRKM5) and LyondellBasell Industries N.V. (NYSE:LYB) may be close to the end on a talks combining their businesses, Braskem's Chief Executive Officer, Fernando Musa and other executives indicated on November 13, 2018. The Executives of Braskem, responding to analysts questions during Braskem's 3rd Quarter earnings call, stressed that the negotiations were conducted by Braskem's controlling shareholder while Braskem's management was not participating in the talks. “It's only final when the contract is signed”, one executive cautioned and referred analysts to LyondellBasell for an update.

Braskem's biggest shareholders are Odebrecht S.A. and Petróleo Brasileiro S.A. - Petrobras (BOVESPA:PETR4).