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home / news releases / BAK - Braskem: Likely Waiting To Be Purchased

BAK - Braskem: Likely Waiting To Be Purchased

Braskem SA ADR

2024-06-14 17:21:03 ET

Summary

  • Braskem's controlling holding, Novonor, is looking for a buyer for its stake in the company.
  • The proposals to purchase this stake exceed the company's current market cap by two times.
  • For this reason, I believe that the dangerous risks, such as the sinking of Maceió, are already in the price, bringing a good opportunity.

Investment Thesis

I recommend buying Braskem ( BAK ) shares. Braskem's controlling company, Novonor, is in judicial recovery and has Braskem as its most valuable asset. Therefore, Novonor is looking for a buyer for its stake in Braskem....

For further details see:

Braskem: Likely Waiting To Be Purchased
Stock Information
Company Name: Braskem SA ADR
Stock Symbol: BAK
Market: NYSE
Website: braskem.com.br
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