Braskem: Novonor Says Talks With Verde Are Ongoing

Negotiations between NSP Investimentos and Petroquimica Verde Fundo de Investimento em Participacoes “are still ongoing,” Braskem says citing a statement from Novonor.

• The terms and conditions of the merger agreement submitted to Cade “are not definitive or binding regarding the potential transaction,” according to Novonor statement sent to Braskem
  • “Depending on the progress of negotiations between NSP Inv and the Fund, which are still ongoing, new terms and conditions regarding the potential transaction may be agreed upon between the parties”
• NOTE: Brazil Agency Favors Novonor-Tanure in Possible Braskem Bid (1)

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