Braskem Majority Stake Sale Moves Forward with Novonor and NSP Investimentos Agreeing to Sell to Shine I

Braskem (BAK) shares rose 1.7% following news that Novonor and NSP Investimentos have signed a deal to sell control of the company to Shine I, a private equity fund controlled by IG4. The transaction marks a significant development in the ongoing effort to sell a majority stake in Braskem.

By Carl Surran, SA News Editor · Seeking Alpha ·

Braskem Majority Stake Sale Moves Forward with Novonor and NSP Investimentos Agreeing to Sell to Shine I

Topics: Braskem IG4 ownership change private equity Shine I

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