Braskem, the largest petrochemical company in the region, faces financial difficulties due to debt, high interest rates, and a ground-collapse disaster in Latin America.
1 report, 1 independent
Updated Jun 11
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What happened
Braskem, the largest petrochemical company in the region, faces financial difficulties due to debt, high interest rates, and a ground-collapse disaster in Latin America.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Senator Renan Calheiros challenges Braskem's compensation deal amid operational issues caused by rock-salt mining in Maceió.Sub-event
Braskem, the largest petrochemical company in the region, is struggling with debt and a ground-collapse disaster.1 source
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The entities involved
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Braskem
company
Nothing else this week.
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Novonor
Brazilian company involved in a corruption scandal in Latin America
Nothing else this week.
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Latin America
region of the Americas where Romance languages are primarily spoken
Related events
- Braskem is undergoing restructuring while Novonor (the renamed Odebrecht holding company) is involved. IG4 Capital acquired shares from Novonor, and Petrobras is observing from the sidelines.
- Braskem's petrochemical margins are tied to the Middle East conflict, and its valuation uses the Banco Central rate.