What specific stake in Braskem is Novonor selling, and to whom?

Novonor, through its subsidiary NSP Investimentos SA, has signed an agreement to sell a controlling stake in Braskem SA—specifically 50.1% of the voting shares and 34.3% of the total capital—to Shine I FIP, a fund advised by asset manager IG4 Capital.

Why is this sale considered a significant step for Braskem?

The sale is described as 'a big step in Braskem’s efforts to stage a rebound amid a weak global market for petrochemicals', following several challenging years marked by an environmental disaster at one of its salt mines and depressed prices due to oversupply.

Braskem Majority Stake Sale by Novonor Advances With Signed Deal

Apr 20, 2026

Novonor signed an agreement to sell its controlling stake in Brazilian petrochemicals producer Braskem to an IG4 Capital-backed fund. This transaction marks a significant step in Braskem's efforts to recover amidst a weak global petrochemical market.

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Braskem Majority Stake Sale Advances as Novonor Signs Deal to Sell to IG4

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