Petrobras gets binding proposal for new Braskem governance pact with IG4-backed fund

• Novonor unit NSP Investimentos signed a judicial share purchase and sale agreement to sell Braskem common shares and Class “A” preferred shares to Shine I FIP, subject to precedent conditions.
• Petrobras executive board is reviewing transaction terms to reach a final position on waiving preemptive and tag-along rights under Braskem shareholders’ agreement.
• On April 19, 2026, Shine I FIP delivered a binding letter committing to negotiate a new Braskem shareholders’ agreement with Petrobras.
• Proposed agreement targets shared governance, including consensus requirements for board and shareholder meeting decisions.
• Framework also provides for equal appointments by Petrobras and FIP to Braskem board of directors and executive board.

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