December 2, 2016 / 11:12 AM / a year ago

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

SAO PAULO, Dec 2 (Reuters) - 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.”

On Thursday, Braskem’s parent Odebrecht SA, 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

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