
Brazil's Novonor confirms Tanure's offer for controlling stake in Braskem
SAO PAULO, May 23 (Reuters) - Brazilian businessman Nelson Tanure has made an offer to acquire a controlling stake in Braskem (BRKM5.SA), opens new tab, a securities filing showed on Friday, confirming local media and Reuters reports that cited sources earlier in the day.
The tycoon is looking to acquire conglomerate Novonor's (ODBES.UL) stake in Braskem for an undisclosed value, according to the filing released by the petrochemical firm, which cited a letter it received from Novonor.
Tanure and Novonor signed an exclusivity agreement to discuss the terms and conditions of the proposal, the filing added.
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