Brazil's Novonor confirms Tanure's offer for controlling stake in Braskem

Brazilian businessman Nelson Tanure has made an offer to acquire a controlling stake in Braskem BRKM3, a securities filing showed on Friday, confirming local media and Reuters reports that cited sources earlier in the day.

The tycoon is looking to acquire conglomerate Novonor's (ODBES.UL) stake in Braskem for an undisclosed value, according to the filing released by the petrochemical firm, which cited a letter it received from Novonor.

Tanure and Novonor signed an exclusivity agreement to discuss the terms and conditions of the proposal, the filing added.