CVM approves tender offer for Braskem shares

The Brazilian Securities and Exchange Commission (CVM) approved the registration request for the mandatory tender offer for Braskem shares launched by the Shine I fund, managed by IG4. The operation was stipulated in the contract signed between the manager and Novonor, formerly Odebrecht, which made IG4 the petrochemical company's largest shareholder in the first half of this year.

According to a statement released by Braskem on Monday, September 21, 2026, the tender offer will cover all outstanding common and preferred shares of the company. The offer will mirror the consideration delivered by the Shine fund to Novonor per Braskem share, which was not detailed in the announcement. Brazil's stock exchange B3 has already authorized the auction to take place on its trading platforms.

When the original transaction took place, the fund delivered approximately 547 million debentures from the first series of the second issuance of NSP Investimentos S.A., along with about 273 million debentures from the second series of the second issuance. NSP Investimentos S.A. is a non-financial holding company controlled by Novonor to manage the group's former stake in Braskem.

The Shine I fund will inform Braskem in due course about the publication of the offer notice, which will contain all the necessary details for shareholders to make a decision, including the auction date. The offer and the right to participate have not been and will not be registered under United States regulations, and will not be communicated directly or indirectly to Braskem shareholders residing in the United States.