Financing ·
On August 24, 2026, Braskem S.A.'s Board of Directors unanimously approved the filing of an Out-of-Court Restructuring…
BAKBraskem SA
On August 24, 2026, Braskem S.A.'s Board of Directors unanimously approved the filing of an Out-of-Court Restructuring Proceeding (Recuperação Extrajudicial) and a related restructuring plan for the Company and specific subsidiaries. The Board also authorized applications for recognition of these protective proceedings abroad, including the commencement of a Chapter 15 proceeding in the United States. This action marks a significant financial distress event involving debt restructuring across multiple jurisdictions. Braskem S.A. operates in the petrochemical industry, producing plastics and chemicals.