Brazil's Braskem set for control shake-up as Novonor sells stake to IG4

Core Insights - Brazilian petrochemical producer Braskem announced that conglomerate Novonor has agreed to sell its controlling stake in the company to private equity firm IG4 Capital [1] Company Summary - Braskem is a leading player in the petrochemical industry in Brazil [1] - The sale of Novonor's controlling stake indicates a significant shift in ownership and potential strategic direction for Braskem [1] Industry Context - The transaction highlights ongoing consolidation trends within the petrochemical sector, as private equity firms seek to invest in established companies with growth potential [1]