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Bond Market News
Tanure Appoints Rothschild for Braskem Takeover Talks
June 17, 2025
Braskem’s dollar bonds tumbled by over 5 points across the curve. This comes after Brazilian tycoon Nelson Tanure enlisted Rothschild & Co. as his financial adviser to lead negotiations for his proposed acquisition of a controlling stake in Braskem, said Reuters. The move follows reports of Tanure’s offer to purchase Novonor’s controlling share in Braskem. To proceed, Tanure must negotiate with creditor banks holding Braskem’s shares as collateral for Novonor’s outstanding debt, as well as Petrobras. Novonor and Petrobras are Braskem’s largest shareholders.
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