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New Deal


Announced

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

Financials

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Transaction Value£1,748m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For38%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Pending

Friendly

Acquisition

Cross Border

Minority

Brazil

chemical products

Plastics

plastic resins

plastics manufacturing

Single Bidder

Synopsis

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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.

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