Brazilian petrochemical producer Braskem said on Monday that conglomerate Novonor has signed an agreement to sell its controlling stake in the company to private equity firm IG4 Capital.
Braskem S.A. ( BAK ) Q3 2025 Earnings Call November 11, 2025 10:30 AM EST Company Participants Rosana Avolio - Investor Relations Manager Roberto Ramos - Chief Executive Officer Felipe Montoro Jens - Chief Financial & Investor Relations Officer Presentation Operator Good afternoon, and thank you for waiting.
Brazilian petrochemical firm Braskem said on Monday it has agreed to pay 1.2 billion reais ($222 million) to the northeastern state of Alagoas, the latest compensation deal related to the damages caused by its salt mines operations.
| Chemicals Industry | Materials Sector | Roberto Prisco Paraíso Ramos CEO | XDUS Exchange | US1055321053 ISIN |
| BR Country | 8,569 Employees | 12 May 2022 Last Dividend | 16 May 2005 Last Split | - IPO Date |
Braskem S.A., founded in 1972 and headquartered in São Paulo, Brazil, is a leading company in the production and sale of thermoplastic resins. Initially named Copene Petroquímica do Nordeste S.A., the company underwent a name change to Braskem S.A. in 2002. As a subsidiary of Novonor S.A., Braskem has established a significant presence in the chemicals and petrochemicals sector, playing a vital role in the production of a wide array of products ranging from olefins and intermediates to polyethylene and specialty chemicals. Its expansive portfolio also extends to the provision of utilities and the manufacture of chemical precursors for various industrial processes, underscoring its diversified operations and comprehensive market reach.