Braskem SA faces uncertainty as Novonor creditor banks consider taking control alongside Petrobras
Braskem SA is facing uncertainty as creditor banks of its controlling shareholder, Novonor, consider taking control of the company, potentially alongside Petrobras, within 60 days. Braskem clarified it is not involved in negotiations regarding a sale of controlling interest. Novonor expressed surprise at the notion of a hostile takeover, stating no significant progress has been made in talks. Petrobras also confirmed it is not participating in any negotiations related to Braskem.
Braskem SA has responded to recent reports about potential changes in its control structure. According to news articles, creditor banks of Novonor, the controlling shareholder of Braskem, are considering taking over shares in the petrochemical company-possibly alongside Petrobras-within the next 60 days. Braskem stated it is not involved in or responsible for negotiations between its shareholders, Novonor and Petrobras, regarding a possible sale of controlling interest or discussions with Novonor’s creditor banks. Novonor has indicated surprise at suggestions of a hostile takeover and said there has been no significant progress in talks with interested parties. Petrobras also clarified that it is not participating in any such negotiations and has not made any decisions regarding its involvement with Braskem. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braskem SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001292814-25-003488), on October 08, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
