Adnoc Makes New Offer to Acquire Braskem: Valor

An offer to purchase Braskem worth 37.29 reais per share was made by Adnoc on Wednesday, reports Valor citing people with knowledge of the matter.

• Non-binding proposal regarding 38.3% of Braskem’s total capital was presented to Novonor and creditor banks
• Expected disbursement is 10.5b reais, says the report
• According to the terms of the proposal, Nonovor would maintain a 3% stake in the petrochemical company

News link: Valor : Adnoc presents new offer to purchase Braskem, sources say

Original Story:Adnoc apresenta nova oferta de compra da Braskem: Valor

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