---
title: "Brazil's Novonor Signs Deal to Sell Braskem Controlling Stake to IG4"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283388253.md"
description: "Brazilian petrochemical company Braskem announced that Novonor and NSP Investimentos have signed an agreement to sell their controlling stake to Shine I, a private equity fund managed by IG4 Capital. Shine I and Brazil's state-owned oil company Petrobras will sign a new Shareholders' Agreement to manage Braskem and elect a new board of directors and executive management team"
datetime: "2026-04-20T17:57:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283388253.md)
  - [en](https://longbridge.com/en/news/283388253.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283388253.md)
---

# Brazil's Novonor Signs Deal to Sell Braskem Controlling Stake to IG4

Brazilian petrochemical company Braskem stated that Novonor and NSP Investimentos have signed an agreement to sell the company's controlling stake to the private equity fund Shine I, which is controlled by asset management firm IG4 Capital. During this period, Shine I and state-owned oil company Petroleo Brasileiro SA (Petrobras) are expected to sign a new Shareholders' Agreement to manage Braskem. IG4 added that as part of this process, a new board of directors will be elected and a new executive management team appointed.

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