Unipar Carbocloro S.A. (BOVESPA:UNIP6) made a non-binding proposal to acquire a 34.4% stake in Braskem S.A. (BOVESPA:BRKM5) from Novonor S.A. for BRL 4.3 billion on June 10, 2023. Pursuant to the terms, Unipar will valued each share at BRL 36.5. Post transaction, Unipar will hold 34.366% (representing Braskem's shares control) of the total shares issued by Braskem (ex-treasury) and Novonor will remain with a minority interest, indirectly representing 4% of the total shares currently issued by Braskem. Novonor will evaluate the terms and conditions of the Proposal together with the financial institutions.

The Proposal is also subject to the performance of a confirmatory audit of certain assumptions and the implementation of a series of precedent conditions, including the non-exercise by Petróleo Brasileiro S.A. of its right of first refusal or its tag along right, as provided, respectively, in Clauses 7.5 and 7.12 of the Shareholders' Agreement of BRK Investimentos Petroquímicas S.A and Braskem S.A. in effect on this date between Novonor and Petrobras. Morgan Stanley (NYSE:MS) acted as financial advisor for Novonor.