Exclusivity deal inked by Novonor and Brazilian businessman Nelson Tanure for the potential sale of a controlling stake in Braskem will expire on August 23 and is unlikely to be renewed, Valor Economico says, citing sources familiar with the talks.
- Banks which have Braskem controlling shares and are Novonor creditors aren’t supporting Novonor and Tanure’s plans: Valor
- There is also resistance from Petrobras, Braskem’s second biggest shareholder, according to the report
- Novonor and Tanure did not comment on the matter, Valor says