Braskem Pref ADR (BAK) news

Braskem, SLC removed from Ibovespa 3rd preview for Sept-Dec

Braskem’s Class A preferred shares have experienced a significant decline following the company’s filing for out-of-court restructuring and its removal from major B3 indexes, including the Ibovespa. The shares fell more than 30% this week, with a further 14.4% drop on Wednesday (26), closing at…

Shares in Brazil's BraskEM up more than 20%

Braskem says no decision yet on restructuring plan details

Braskem, one of the world’s largest petrochemical companies, has initiated an out-of-court restructuring process for $10.9 billion in unsecured financial debt but has yet to finalize the details of its restructuring plan. The company filed for court approval on Monday, August 24, seeking a 90-day…

Braskem gets BRL2.35B increase in credit limits with Petrobras

Braskem's out-of-court restructuring plan includes possible follow-on share offering - sources

Braskem SA is reportedly considering a follow-on share offering as part of its broader out-of-court restructuring plan, according to sources familiar with the matter. The company, which has more than $10 billion in debt across its operations in Brazil, the U.S., and Europe, is seeking to extend its…