Braskem Creditors Demand $3B Equity Injection Amid Debt Restructuring
12 Articles
12 Articles
Braskem creditors are asking the company's controllers to inject $3 billion in new capital, according to people who are aware of the issue — a sign of growing tensions in the negotiations to restructure a debt of about $11 billion. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Braskem creditors demand $3B equity injection amid debt restructuring
Braskem SA (BAK) creditors are demanding that controlling shareholders Petrobras (PBR) and IG4 Capital Group inject $3B in fresh equity into the troubled Brazilian petrochemical producer, according to a report by Bloomberg.
Braskem Creditors Ask Owners for $3 Billion Capital Injection
The Public Prosecutor's Office of São Paulo (MP-SP) recommended to the Justice the freezing of the contribution of more than US$ 400 million that Braskem intends to direct to its Mexican subsidiary, Braskem Idesa. The demonstration was presented to the judge of the 2nd Court of Bankruptcy of São Paulo, who approved the request for extrajudicial recovery of the company, [...] The post MP requests freezing of the contribution of US$ 400 million fr…
The Public Prosecutor's Office of São Paulo (MP-SP), through the Prosecutor's Office of Bankruptcy, recommended to the judge of the 2nd Court of Bankruptcy of São Paulo, that
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