Brazil’s Braskem Files for Out-of-Court Debt Rework, Report Says
11 Articles
11 Articles
Braskem approved on Monday (24) an application for extrajudicial recovery with the Justice of São Paulo, says columnist Lauro Jardim of the newspaper O Globo. Petrochemistry, which has a debt of R$ 54 billion, will have 90 days of protection to negotiate its definitive restructuring plan. The biggest creditors are bondholders and banks Banco do Brasil and BNDES, Itaú Unibanco, Bradesco and Santander. In the last week, Braskem had said that negot…
Forbes, the world's most well-conceived business and economic magazine. Braskem's cash position was severely affected by low prices in the petrochemical sector The post Braskem decides to request extra-judicial recovery to restructure US$10.9 Bi in Debts apareceu primeiro em Forbes Brasil.
Braskem entered this Monday, 24, with request for extra-judicial recovery in the Justice of São Paulo. The information was confirmed by CNN. According to the channel, the company tries to reorganize its debts through a direct agreement with creditors. Justice needs to approve the understanding. Text in update The post Braskem asks extra-judicial recovery in São Paulo apareceu primeiro em Revista Oeste.
Braskem entered, in the morning of this 2nd day (24.Aug.2026), with a request for extrajudicial recovery in the Justice of São Paulo. The information is from columnist Lauro Jardim, of the newspaper O Globo. The measure establishes that the company, controlled by Petrobras and by the manager IG4, has 90 days of protection against creditor actions to negotiate a definitive restructuring plan. Until the publication of this report, there was no pub…
Petrochemical company is controlled by IG4 and Petrobras
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
