Negotiations for Brazilian firm Novonor to sell a controlling stake in petrochemical company Braskem to a fund backed by businessman Nelson Tanure are continuing. This persistence occurs despite the expiration of a 90-day exclusive negotiation deadline.
Braskem confirmed the ongoing talks in a securities filing, indicating that discussions have not ceased with the end of the exclusivity period. This suggests that both parties remain engaged in seeking a resolution for the potential sale.
While the continuation of talks prevents an immediate collapse of the deal, the expiration of exclusivity introduces further uncertainty into the process. The outcome of these prolonged negotiations remains a key focus for stakeholders.
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