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....
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Braskem: Likely Waiting To Be Purchased