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Braskem (NYSE:BAK) S.A. (NYSE:BAK; B3:BRKM3, BRKM5, BRKM6; LATIBEX:XBRK) announced Monday it was informed by Novonor S.A. – In Judicial Reorganization that NSP Investimentos S.A. – In Judicial Reorganization and Petroquímica Verde Fundo de Investimento em Participações – Multiestrategia have submitted a notification to Brazil’s Administrative Council for Economic Defense (CADE) seeking antitrust approval for a potential transaction involving shares issued by NSP Investimentos.
According to the company’s statement, no definitive binding agreements have been signed regarding the potential transaction as of Monday. The process remains subject to customary assessments and confirmations typical in similar transactions.
Braskem said that, in addition to CADE’s approval, the completion of any transaction would depend on several conditions. These include compliance with obligations previously assumed by Novonor toward Petróleo Brasileiro S.A. – Petrobras under Braskem’s shareholders’ agreement, as well as the successful conclusion of negotiations with banks that hold fiduciary assignments of Braskem shares indirectly held by Novonor.
Braskem stated that the notification to CADE is related to a material fact previously disclosed by the company on May 23, 2025.
The company said it will provide further updates as appropriate. This information is based on a press release statement filed with the U.S. Securities and Exchange Commission.
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