Novonor starts talks to sell stake in Braskem

Almost two years since the end of negotiations with Dutch multinational LyondellBasell, Novonor, formerly Odebrecht, started this week conversations with potential buyers of its stake in petrochemical Braskem. Potential buyers include companies and private equity funds from the United States, Middle East, Europe and China. On Wednesday, Braskem shares rose 6.1% to R$44.73, bringing the market value of Novonor's stake to R$13.2 billion...

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