Petrochemicals Giant Braskem Seeks Support to Start Out-of-Court Rework
Title: Braskem, Major Petrochemical Producer, Pursues Restructuring Plan Outside Court
A Braskem SA petrochemical facility in Camacari, Brazil, was pictured on Tuesday, July 28, 2015, as a worker walked past the site. According to Brazilian prosecutors, the company acquired naphtha, a petroleum product, at prices below market value through deals with Petrobras. These transactions are alleged to have caused a loss of 6 billion reais ($1.8 billion) to the state-owned oil giant.
Source: Bloomberg Generated at: 2026-06-02 18:33:10 UTC
