Braskem Creditors Seek Petrobras Capital as Bankruptcy Deadline Approaches
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Braskem’s bondholders continue to press state-controlled oil giant Petrobras to inject fresh capital into the struggling petrochemical producer as time runs short to avoid filing for bankruptcy protection in an election year.
According to people familiar with the matter, the urgency is heightened as the deadline approaches, raising concerns about Braskem's financial stability.
BraskemPetrobras
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“Braskem’s bondholders continue to press state-controlled oil giant Petrobras to inject fresh capital into the struggling petrochemical producer as time runs short to avoid filing for bankruptcy”
Bloomberg — Braskem Creditors Seek Petrobras Capital as Deal Deadline Looms