Braskem Buyers Circle as Bidding War Heats Up – Three competing offers from big-name buyers on the table

Abu Dhabi, Apollo Pitted Against Batista Family in Braskem Race.

Abu Dhabi National Oil Co. and Apollo Global Management made a joint 37.5 billion reais ($7.8 billion) bid to acquire all of the company’s shares in May; the following month, Brazilian chemical group Unipar Carbocloro SA offered to buy a 34.4% stake from shareholder Novonor SA for 10 billion reais ($2 billion). A third bidder threw its hat in the ring, with J&F Investimentos SA, the holding company of the billionaire Batista family, making its own 10 billion reais offer for a Braskem stake.

read more: https://cen.acs.org/business/petrochemicals/Braskem-new-takeover-offer/101/web/2023/06

read more: https://news.bloomberglaw.com/mergers-and-acquisitions/buyers-circle-as-bidding-war-for-brazils-braskem-heats-up

read more: https://www.bnnbloomberg.ca/braskem-buyers-circle-as-bidding-war-heats-up-1.1944899