KEY POINTS Investment fund IG4 Capital acquires R$20 billion (~$3.4 billion) in Novonor debts, gaining 50.1% of Braskem’s voting shares while Petrobras retains 47%, creating a co-control structure that finally removes the scandal-plagued former Odebrecht from governance. Braskem faces crushing leverage of 14.76 times EBITDA, ongoing liabilities from the Maceió environmental disaster that displaced 60,000 […]
