Mar. 6 at 7:58 PM
$BAK Another piece fell into place today for Braskem’s recovery:
Yes, **CADE** (Brazil's Administrative Council for Economic Defense, the antitrust authority) has approved the transaction involving **IG4** (IG4 Capital) acquiring a controlling stake in **Braskem** from Novonor.
Specifically, on March 6, 2026 (today's date), the **Superintendência-Geral** (General Superintendency) of CADE approved the deal without restrictions. This is a key step in the multi-part operation where IG4 acquires debt/credits tied to Braskem shares, leading to IG4 taking a controlling position (around 50.1% voting capital) while sharing control with Petrobras.
- Recent reports from Reuters, CNN Brasil, and others confirm this approval today.
The deal had been pending since late 2025, with Petrobras waiving certain rights in February to facilitate it. This resolves a prolonged ownership dispute for Braskem.
