Financing ·
Braskem S.A.'s Board of Directors approved the filing of a petition for extrajudicial reorganization under Brazilian…
BAKBraskem SA
Braskem S.A.'s Board of Directors approved the filing of a petition for extrajudicial reorganization under Brazilian Law 11,101/05 on August 24, 2026. The restructuring targets unsecured financial obligations totaling approximately US$10.9 billion. Management clarified that this strictly financial process excludes obligations to suppliers and customers, which remain in effect. Braskem operates in the petrochemical industry.