Brazil's Braskem close to leniency deal in U.S., Brazil

Features Reuters

Copyright Reuters 2016

(Copyright Reuters 2016)

Brazil's petrochemical company Braskem SA said in a securities filing on Friday it was "in advanced talks" with authorities in Brazil and the United States related to a corruption investigation known as "Operation Carwash."

Continue Reading Below

On Thursday, Braskem's parent Odebrecht SA [ODBES.UL], Latin America's largest engineering firm, signed a leniency deal with prosecutors in Brazil's biggest graft case.

(Reporting by Ana Mano. Editing by Jane Merriman)