CADE approves IG4's acquisition of controlling stake in Braskem [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
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Source: Yahoo! Finance
Brazil's anti-trust regulator, the Administrative Council for Economic Defence (CADE), has approved private equity firm IG4 Capital's acquisition of a controlling interest in petrochemical company Braskem from Novonor. According to a regulatory document cited by Reuters , CADE's general superintendence has approved the agreement, which was announced by the companies in December 2025, without any restrictions. The deal involving Novonor and IG4 Capital represents a transfer of control valued at around 20bn reais in credit secured by Braskem shares and held by some of Brazil's largest banking institutions. The approval will become official unless an appeal is lodged within 15 days by any third party or CADE's administrative tribunal. The transaction will see IG4 Capital share control of Braskem with Petrobras, the state-owned oil corporation that is currently the second-largest shareholder in the petrochemical company. Novonor will maintain a minor stake of 4% in Braskem. I
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