ADNOC to acquire a 38.3% stake in Braskem from Novonor for $2.14bn.

ADNOC, the state-owned oil company of the United Arab Emirates, offered to acquire a 38.3% stake in Braskem, a polyolefins producer in the Americas, from Novonor, a provider of products and services for engineering, infrastructure, construction, petrochemical and sugar-energy sectors, for $2.14bn.