Braskem Owner Novonor Is Close to a Deal to Sell Its Stake to IG4

Novonor SA is close to a deal with creditors to sell its controlling stake in Braskem SA, one of the world’s largest petrochemical companies, to a fund run by asset...

By Cristiane Lucchesi, Matheus Piovesana, Rachel Gamarski, Martha Viotti Beck · Bloomberg Markets

Novonor SA is close to a deal with creditors to sell its controlling stake in Braskem SA, one of the world’s largest petrochemical companies, to a fund run by asset manager IG4 Capital, according to people familiar with the matter.