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Petrobras Executive Says Braskem to Reach Deal With Creditors to Restructure $11 Billion Debt

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Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data

A Petrobras SA executive who sits on Braskem SA’s board says he expects the Brazilian petrochemicals producer will be able to reach a deal with creditors to restructure some $11 billion of debt and avoid a bankruptcy filing.

PetrobrasBraskem

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