Another firm interested in Braskem

The Brazilian conglomerate Novonor has received another offer for its controlling interest in the Brazilian petrochemical maker Braskem. J&F Investimentos is bidding $2.1 billion for the 38% stake, which would value Braskem about the same as did the $8.7 billion bid in June from the Brazilian chlorovinyls producer Unipar Carbocloro. J&F has deep pockets. It is the investment house of Brazil’s Batista family and controls JBS, the largest meat-packing firm in the world. Novonor also received a solicitation in May from Abu Dhabi National Oil and the private equity firm Apollo Global Management.