Finance
Brazil tycoon Tanure enlists Rothschild & Co for negotiations in Braskem bid
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 16, 2025
1 min readLast updated: January 23, 2026
Nelson Tanure partners with Rothschild & Co for Braskem acquisition talks, aiming to acquire Novonor's stake and involve Petrobras.
By Luciana Magalhaes
SAO PAULO (Reuters) -Brazilian businessman Nelson Tanure has retained advisory firm Rothschild & Co. to conduct bank negotiations critical to his proposed bid for Latin America's largest petrochemical firm, Braskem, two people familiar with the matter told Reuters.
Tanure made an offer in late May to acquire conglomerate Novonor's controlling stake in Braskem, leading to exclusive discussions between the two parties.
Known for investing in companies undergoing financial restructuring, Tanure must also negotiate with banks holding Braskem shares pledged as collateral for Novonor's outstanding debts, as well as with oil company Petrobras, Braskem's second-largest shareholder.
Tanure and Rothschild declined to comment. Rothschild's engagement by the Brazilian businessman was first reported by newspaper O Globo.
In a recent interview with Reuters, Tanure said he had initiated talks with the banks and key players in the potential deal without yet detailing his offer. He also said he wants to retain Novonor as a minority shareholder and grant Petrobras an expanded role in Braskem.
(Reporting by Luciana Magalhaes; Editing by Alistair Bell)
Nelson Tanure is a Brazilian businessman known for investing in companies undergoing financial restructuring.
Tanure has made an offer to acquire Novonor's controlling stake in Braskem, initiating exclusive discussions.
Rothschild & Co has been retained by Tanure to conduct bank negotiations critical to his proposed bid for Braskem.
Tanure must negotiate with banks holding Braskem shares pledged as collateral for Novonor's outstanding debts.
In a recent interview, Tanure mentioned he had initiated talks with banks but did not detail his offer.
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