April 26 (Reuters) - Braziron Ltd BZL.AX :
* Potential acquisition and proposal to de-list from the asx BZL.AX
* Says Braziron has an entered into a conditional agreement with sbwa
* Upon Braziron ceasing to be delisted on asx, it will pay an initial amount of $2M for an initial 32% ownership of sbwa
* Source text for Eikon ID:nASX5bHDkb