Braskem’s new controlling shareholder filed for a public tender offer to buy out remaining shares, even as the Maceió subsidence disaster keeps weighing on the stock.
Brazil · Markets
Key Facts
—The offer. Braskem’s new controlling group filed for a public tender offer (OPA) to buy 100% of the petrochemical maker’s shares.
—The buyer. The Shine I fund, linked to private-equity firm IG4, took control alongside Petrobras from the former owner tied to Novonor, once Odebrecht.
—Not yet live. The offer still needs approval from the securities regulator CVM and the B3 exchange before it can launch.
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