Braskem SA faces uncertainty as Novonor creditor banks consider taking control alongside Petrobras
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Braskem SA is facing uncertainty as creditor banks of its controlling shareholder, Novonor, consider taking control of the company, potentially alongside Petrobras, within 60 days. Braskem clarified it is not involved in negotiations regarding a sale of controlling interest. Novonor expressed surprise at the notion of a hostile takeover, stating no significant progress has been made in talks. Petrobras also confirmed it is not participating in any negotiations related to Braskem.
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