Braskem ADRs Rise 16% After Hours, Abu Dhabi State Oil Co. May Join Takeover Bid

By Stephen Nakrosis

The American depositary receipts of Brazil’s Braskem were trading higher in Friday’s after-hours session, continuing momentum from the day’s regular session, which saw them finish with a 20% gain.

The increase follows a report in Brazilian newspaper Valor that said Abu Dhabi’s state-owned oil company would join private…