Braskem Details New Shared Control Agreement with Petrobras and Shine I FIP

summarizeSummary

Braskem announced a new Shareholders' Agreement between Petrobras and Shine I FIP, establishing shared control following the recent stake sale, with Petrobras waiving its pre-emptive rights.

check_boxKey Events

• New Shared Control Agreement

  Braskem received notice of a new Shareholders' Agreement between Petróleo Brasileiro S.A. (Petrobras) and Shine I Fundo de Investimento em Participações Multiestratégia Responsabilidade Limitada (FIP). This agreement will regulate the shared control of Braskem between FIP and Petrobras.

• Petrobras Waives Rights

  Petrobras formally informed Braskem of its decision not to exercise the pre-emptive rights and tag-along rights related to the share transaction announced on April 20, 2026. This removes a potential obstacle to the completion of the stake sale.

• Transaction Conditions

  The new Shareholders' Agreement will become effective upon the closing of the share transaction, which remains subject to certain conditions precedent, including judicial authorizations. All applicable antitrust approvals have already been obtained.

auto_awesomeAnalysis

This filing provides critical updates on the previously announced sale of Novonor's controlling stake to Shine I FIP. The new Shareholders' Agreement between Petrobras and Shine I FIP clarifies the future governance structure, establishing shared control of Braskem. Furthermore, Petrobras's formal decision not to exercise its pre-emptive and tag-along rights removes a significant potential hurdle, signaling a smoother path for the transaction's completion. This development reduces uncertainty regarding the company's future ownership and operational control, which is a positive for investors.