Home / Business and Economy / Petrobras Agrees New Governance Deal for Braskem
Petrobras Agrees New Governance Deal for Braskem
24 Apr
Summary
- Petrobras opted out of using its waiver rights for Novonor's Braskem stake sale.
- A new shareholders agreement was signed with IG4 Capital's fund.
- The deal ensures equal board representation and consensus on resolutions.
Petrobras, the Brazilian state-run oil firm, has announced its decision not to exercise its waiver rights regarding the sale of Novonor's controlling interest in Braskem. This development occurred on Thursday, April 23, 2026.
Simultaneously, Petrobras entered into a new shareholders agreement with Shine I. This private equity fund is managed by IG4 Capital, which acquired the majority of Novonor's stake on Monday, April 20, 2026. The agreement specifically addresses governance matters at Braskem.
Key provisions of this new pact include an obligation for the parties to reach a consensus on all resolutions presented at board or shareholder meetings. Furthermore, it grants each party the right to appoint an equal number of members to Braskem's board of directors and management.
