US EditionBrazilian businessman Tanure courts banks after hatching Braskem bid with Novonor
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The entrepreneur Nelson Tanure wants to take control of Braskem, the largest petrochemical in Latin America. For this reason, trade with Novonor (ex-Odebrecht). This last takes over the majority of the company's debt. The process is delayed for more than a year. Novonor asks R$ 11 billion for its participation, although the current market value of Braskem is R$ 9 billion. The difference reveals the central obstacle: while Novonor seeks to break …
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