Brazil court orders Novonor to pay $1.6 bln to Braskem -local media-February 2024-www.financetom.com

Brazil court orders Novonor to pay $1.6 bln to Braskem -local media

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Brazil court orders Novonor to pay $1.6 bln to Braskem -local media

May 17, 2024 2:50 PM

SAO PAULO, May 17 (Reuters) - A Brazilian court in Sao

Paulo ordered conglomerate Novonor to pay more than 8 billion

reais ($1.6 billion) to petrochemical firm Braskem ( BAK ) on

Friday, stemming from an abuse of power case, according to news

outlet Brazil Journal.

Novonor is a controlling shareholder of Braskem ( BAK ).

($1 = 5.1038 reais)

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