Financing ·
Braskem S.A. filed its interim financial information for the period ended June 30, 2026, accompanied by a KPMG review…
BAKBraskem SA
Braskem S.A. filed its interim financial information for the period ended June 30, 2026, accompanied by a KPMG review report highlighting material uncertainty regarding the company's ability to continue as a going concern. Consolidated shareholders' equity was negative R$13,087 million, and current liabilities exceeded total assets by R$8,701 million. The filing details that Shine Fund acquired 34.32% of Braskem’s capital from Novonor in June 2026, resulting in joint control with Petrobras. Braskem Idesa defaulted on bond interest payments and is pursuing a capital structure reorganization through judicial measures, including a Chapter 15 petition in the U.S. The parent company also initiated protective injunction proceedings in Brazil to suspend creditor enforcement actions while negotiating a comprehensive restructuring. Braskem operates in the chemical and petrochemical industry, manufacturing and selling resins, chemicals, fuels, and utilities.