Braskem Shares Surge as Investor Nelson Tanure Bids for Control Amid Debt Restructuring

Braskem Shares Surge as Investor Nelson Tanure Bids for Control Amid Debt Restructuring

Brazilian petrochemical giant Braskem saw its shares jump 10% intraday on May 23, 2025, after Novonor confirmed receiving a non-binding acquisition proposal from investor Nelson Tanure. The stock closed at R$11.09, a 9.15% gain, as markets reacted to the potential resolution of Braskem’s years-long ownership limbo. Tanure’s bid targets Novonor’s 50.1% voting stake through his […]

Brazilian businessman Nelson Tanure made an offer to acquire a controlling stake in Braskem, according to a presentation of securities that was hosted on Friday, trying to expand his wide portfolio of investments with the largest petrochemical company in Latin America.Tanure's offer was reported earlier in the day by local media and Reuters, and pushed Braskem's shares quoted in Sao Paulo to an increase of more than 9%.The tycoon seeks to acquir…

For the transaction to go ahead, the businessman will have to negotiate with banks that are creditors of the former Odebrecht and with Petrobras, Braskem's second largest shareholder.