Braskem Owner Novonor and IG4 Advance in Deal for Stake Sale

Novonor, the controlling shareholder of Brazilian petrochemical company Braskem, and IG4 Capital are progressing with negotiations for the sale of Novonor's majority stake in Braskem. This deal could significantly alter ownership and strategic direction for Braskem, which has faced governance challenges and environmental liabilities. The sale is part of Novonor's broader restructuring efforts.