Odebrecht’s Last Crown Jewel Is Changing Hands

2026-03-09 - 19:14

Key Points —Brazil’s antitrust regulator approved the transfer of Novonor’s controlling stake in Braskem — Latin America’s largest petrochemical company — to private equity firm IG4 Capital, ending a decade-long saga rooted in the Odebrecht corruption scandal —IG4 acquired roughly R$20 billion ($3.5 billion) in Novonor debt from five major banks, gaining 50.1% of Braskem’s