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Brazilian court issues decision on Braskem's extrajudicial reorganization proceeding
BAKBraskem SA
Braskem S.A. disclosed that it was informed of a decision issued by the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo regarding its extrajudicial reorganization proceeding involving certain subsidiaries. The company has not yet received formal notice, as the decision remains pending official publication, and is currently assessing the consequences and next steps while committing to keep the market informed of material developments. Braskem S.A. operates in the petrochemical industry, producing plastics and chemicals.