How are energy investors positioned?
Braskem (NYSE:BAK) S.A. (NYSE:BAK, B3:BRKM3, BRKM5, BRKM6, LATIBEX: XBRK) announced Friday that it was informed by its major shareholder, Novonor S.A., that discussions are ongoing regarding the potential sale of Novonor’s stake in the company. The update follows the expiration of a 90-day exclusivity period for negotiations with Petroquímica Verde Fundo de Investimentos.
According to a statement from Braskem, Novonor confirmed that, despite the end of the exclusivity window for the proposal submitted by the fund on May 23, 2025, it remains in talks with the investor group about the possible divestment. The company stated, “Novonor remains in discussions with the Fund regarding the divestment of its stake.”
Braskem said it will continue to inform shareholders and the market of any relevant developments in accordance with applicable regulations.
This information is based on a press release statement filed with the Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.