Oct 30 (Reuters) - LyondellBasell Industries NV has approached Brazil’s Braskem SA for a potential takeover, valuing the petrochemicals company at more than $10 billion, the Wall Street Journal reported on Monday.
The talks are at an early stage and there is no guarantee of a deal, the Journal reported, citing people familiar with the matter. on.wsj.com/2zRqhHj
LyondellBasell did not immediately respond to a Reuters request for comment.
Its shares rose 6 percent to $105.03 in afternoon trading on the New York Stock Exchange. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Sai Sachin Ravikumar)