Browsing Tag
Novonor
5 posts
Braskem (BAK) ownership transfer to IG4 Capital formally signed as Novonor exits controlling stake after judicial recovery
IG4 Capital signs deal to acquire 50.1% voting control of Braskem (BAK) from Novonor via judicial sale. Key conditions remain. What it means for investors. Read more.
Maha Capital moves fast on PetroUrdaneta as OFAC authorises US-entity transactions with PdVSA under GL 52
Maha Capital exercises a EUR 4.6m call option for PetroUrdaneta the same day OFAC publishes GL 52, opening Venezuela's oil sector to US entities. Read the analysis.
What Braskem’s $1bn credit line drawdown reveals about petrochemical debt stress in Brazil
Braskem draws its full $1 billion credit line amid a sweeping debt review — find out what’s driving this move, market reaction, and what’s next.
Braskem stock collapses as debt crisis deepens with new advisors on board
Braskem’s shares plunged after hiring advisors to review its capital structure. Learn why investors fear restructuring and what lies ahead for Brazil’s top petrochemical firm.
EIG to acquire Brazilian oil and gas solutions provider Ocyan for $390m
EIG, a global leader in energy and infrastructure investments, has officially declared its entrance into a definitive agreement…