IG4 Clinches Exclusivity to Take Over Novonor’s Braskem Stake, Setting Up Co‑Control With Petrobras

Overview

• IG4 purchased about R$20 billion in bank credits secured by Braskem shares via a credit rights investment fund.
• Novonor agreed to transfer its controlling ordinary shares into an IG4 FIP that would hold 50.111% of voting capital and 34.323% of total capital.
• Novonor would retain a 4% residual position through preferred shares without governance rights.
• A 60‑day exclusivity period was set to finalize definitive documentation, with a new shareholders’ agreement to establish co‑control with Petrobras after clearance.
• Braskem said its management team remains unchanged to ensure operational continuity, and its preferred shares rose about 4% after the announcement.