RIO DE JANEIRO, BRAZIL (By Petrobras, 20.Apr.2026, Words: 304) — Petrobras has been notified by Novonor S.A. – Em Recuperação Judicial, by NSP Investimentos S.A. (NSP Inv.), a subsidiary of Novonor, and by Shine I Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (FIDC), a receivables investment fund, and Shine I Fundo de Investimento em Participações Multiestratégia Responsabilidade Limitada (FIP), both administered and managed by Vórtx Capital Gestora de Recursos Ltda. and advised by IG4 Sol. Ltda., regarding the execution of a judicial share purchase and sale agreement and other provisions (contrato de compra e venda judicial de ações e outras avenças), regulating, among other things, the terms and conditions for the judicial sale by NSP Inv. to the FIP of common shares and Class “A” preferred shares issued by Braskem, subject to the fulfillment of certain precedent conditions.
Petrobras’ executive board is evaluating the terms of the transaction in order to provide a final statement regarding the company’s non-exercise of the preemptive and tag along rights set forth in the current Braskem shareholders’ agreement, in accordance with the approval granted by Petrobras’ board of directors at its meeting held on 11 Feb. 2026, as previously disclosed to the market.
Petrobras also informs that, on 19 Apr. 2026, it received a binding letter through which FIP undertakes to enter into a new Braskem shareholders’ agreement with Petrobras, aiming to establish balanced governance of Braskem between FIP and Petrobras, including:
(i) the obligation to obtain consensus in all resolutions of the Board of Directors and General shareholders’ meeting, and
(ii) the right for each party to appoint an equal number of members to the board of directors and the executive board.
These matters are being evaluated concurrently by the competent bodies within Petrobras.
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By Ana Sanches reporting from Bogotá. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.
