By Brazil Stock Guide – Braskem (NYSE: BAK; B3: BRKM5) said Friday, Aug. 22, that the 90-day exclusivity granted by Novonor to Petroquímica Verde—an investment vehicle tied to Brazilian investor Nelson Tanure—has expired. The disclosure was first reported by InfoMoney and confirmed by the company in a market communication.
Even without exclusivity, Braskem noted that Novonor, which holds 50.1% of Braskem’s voting capital, remains in discussions with a fund regarding a potential sale of its stake, according to InfoMoney. Tanure is known for backing restructurings and has positions in Brazilian names such as Light (B3: LIGT3), Prio (B3: PRIO3) and Gafisa (B3: GFSA3).
The end of exclusivity widens the door for rival interest in Novonor’s holding while keeping Petroquímica Verde in the frame. Any transaction would reshape the ownership of one of Latin America’s largest petrochemical groups and could influence governance and leverage strategy at Braskem.