Brazil's state-run oil firm Petrobras has shown receptiveness to a proposal by IG4 Capital to acquire engineering group Novonor's controlling stake in Braskem. This introduces a new potential bidder into the ongoing sale process.
Sources familiar with the talks indicate Petrobras's positive reception to IG4 Capital's plan. This development could intensify the competition for Braskem's controlling stake, potentially leading to a more robust bidding environment.
The involvement of IG4 Capital and Petrobras's interest could provide a new impetus for the divestment of Novonor's stake. This offers an alternative pathway for a change in Braskem's ownership, following previous negotiation challenges.
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