Brazil’s Novonor and NSP Investimentos have reached an agreement to sell petrochemical producer Braskem to Shine I, a private equity fund managed by IG4 Capital, according to a report by Reuters citing company statements on Monday.
IG4 said the transaction is expected to close within the next 30 days, pending regulatory and legal approvals. Over the same period, Shine I and Petrobras are set to finalise a revised shareholders’ agreement defining the future governance structure of Braskem.
The de...
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