Unipar S.A. In Advanced Talks To Acquire Braskem, Currently Controlled By Novonor And Petrobras

Written by Paulo Nogueira

Published on 11/06/2023 at 12:35

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Unipar’s Strategy Could Trigger Significant Transformation in the Brazilian Petrochemical Sector

Last weekend, surprising news emerged in the Brazilian business landscape: Unipar S.A., under the leadership of entrepreneur Frank Geyer Abubakir, is in advanced negotiations to acquire Braskem, the petrochemical giant controlled by Novonor and Petrobras. This bold move could reshape the national petrochemical industry.

On June 10, 2023, Unipar presented a non-binding offer for the indirect acquisition of Braskem’s controlling stake, currently held by Novonor and Petrobras. This acquisition, involving debt negotiations with creditors and the possibility of maintaining a shareholding of Novonor in Braskem, has the potential to reverberate throughout the petrochemical market.

Unipar Aims for Sustainable Growth with Braskem Acquisition

Unipar, alongside Novonor and Petrobras, is crafting a strategy to ensure sustainable and robust growth in the coming decade. The acquisition of Braskem, as pointed out by Maurício Russomano, CEO of Unipar, perfectly aligns with this strategic vision.

ARTICLE CONTINUES BELOW

Unipar Seeks Solution for Geological Problem in Alagoas with Braskem

The geological problem in Alagoas is an issue that Unipar is considering as it moves forward with the acquisition of Braskem. The company is searching for a solution that satisfies all parties involved, including the affected communities.

Besides the impact of Unipar’s acquisition of Braskem, the company has significantly invested in Bahia, constructing a new plant in the Camaçari Petrochemical Complex, further strengthening the local petrochemical industry and its relationship with Petrobras and Novonor.

Frank Geyer Abubakir, leader of Unipar, has an outstanding track record in the petrochemical industry, steering Unipar towards strategic negotiations with giants like Braskem, Petrobras, and Novonor. His involvement in social, educational, and cultural projects in Bahia, through the Flávia Abubakir Institute (IFA), also contributes to Unipar’s prestige and acceptance in the market.

Unipar S.A., under the leadership of entrepreneur Frank Geyer Abubakir — ***Frank Geyer Abubakir***

Unipar S.A. In Advanced Talks To Acquire Braskem, Currently Controlled By Novonor And Petrobras

Unipar’s Strategy Could Trigger Significant Transformation in the Brazilian Petrochemical Sector

Unipar Aims for Sustainable Growth with Braskem Acquisition

Unipar Seeks Solution for Geological Problem in Alagoas with Braskem

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Unipar S.A. In Advanced Talks To Acquire Braskem, Currently Controlled By Novonor And Petrobras

Unipar’s Strategy Could Trigger Significant Transformation in the Brazilian Petrochemical Sector

Unipar Aims for Sustainable Growth with Braskem Acquisition

Unipar Seeks Solution for Geological Problem in Alagoas with Braskem

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The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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