CADE approves IG4’s acquisition of controlling stake in Braskem

Brazil’s anti-trust regulator, the Administrative Council for Economic Defence (CADE), has approved backstage equity steadfast IG4 Capital’s acquisition of a controlling involvement successful petrochemical institution Braskem from Novonor.

According to a regulatory papers cited by Reuters, CADE’s wide superintendence has approved the agreement, which was announced by the companies successful December 2025, without immoderate restrictions.

The woody involving Novonor and IG4 Capital represents a transportation of power valued astatine astir 20bn reais successful recognition secured by Braskem shares and held by immoderate of Brazil’s largest banking institutions.

The support volition go authoritative unless an entreaty is lodged wrong 15 days by immoderate 3rd enactment oregon CADE's administrative tribunal.

The transaction volition spot IG4 Capital stock power of Braskem with Petrobras, the state-owned lipid corp that is presently the second-largest shareholder successful the petrochemical company.

Novonor volition support a insignificant involvement of 4% successful Braskem.

IG4 plans to person Novonor's indebtedness into equity done a debt-to-equity swap, enabling power implicit Braskem without nonstop stock purchase.

According to accusation connected CADE's website, the ruling besides authorises the acquisition of Novonor-linked recognition rights by Shine I FIDC, backed by Braskem shares.

Shine I FIDC acts arsenic the conduit done which the controlling shares successful Braskem volition beryllium transferred. This money was established arsenic portion of Novonor’s plus restructuring plan.

CADE initially conducted an extended review, starting successful February, owed to concerns astir the implications of having an concern money integrated into Braskem’s superior structure.

Braskem has confirmed that immoderate definitive outcomes are inactive taxable to the completion of this reappraisal play and adherence to assorted stipulations related to Novonor’s restructuring efforts.

Novonor has been undergoing judicial betterment and plans to divest astir of its holding successful Braskem portion maintaining a tiny involvement arsenic portion of its betterment strategy.

"CADE approves IG4’s acquisition of controlling involvement successful Braskem" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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