Brazil’s Braskem confirmed a deal to transfer control to IG4 Capital through its fund Shine I.
IG4 expects to complete the transaction within 30 days, pending legal and regulatory approvals.
The agreement covers about 50.1% of voting shares and roughly 34.3% of total capital.
Shine I plans to launch a public tender offer for remaining common and preferred shares.
NSP will retain a minor 4% stake, maintaining limited exposure to Braskem’s future performance.
A new governance structure will balance control between IG4 Capital and Petrobras.
Market reaction remained positive, with shares rising and extending a 15% yearly gain.
Leadership changes may follow, as new management aims to strengthen operations and address financial pressures.
