Braskem majority stake sale advances as Novonor signs deal to sell to IG4
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Braskem's majority stake sale progresses as Novonor and NSP Investimentos finalize a deal to transfer control to IG4 Capital's Shine I fund. Braskem's shares rose 1.7% following the announcement. The share transfer is expected to complete within 30 days, pending legal approvals. Additionally, Shine I and Petrobras are set to establish a new shareholders' agreement. Petrobras, holding 47% of Braskem's voting shares, is reviewing the transaction terms before making a decision on its waiver rights. The agreement outlines the sale of shares representing approximately 50.1% of Braskem's voting shares.
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