Brazilian businessman Nelson Tanure has retained Rothschild & Co., an advisory firm, to conduct bank negotiations for his proposed bid for Braskem. This move signifies a further step in the potential acquisition process.
Rothschild & Co.'s involvement is critical for managing the financial aspects and securing necessary banking support for the bid. This indicates a structured approach to the potential takeover of Latin America's largest petrochemical firm.
The engagement of a prominent financial advisor suggests that Tanure's bid is progressing and that serious negotiations are underway. This development will be closely watched by stakeholders interested in Braskem's future ownership.
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