What is Braskem planning to do regarding its creditors, and what is the intended next step after obtaining legal protection?

Braskem is expected to file a protective injunction against its creditors' claims, with the intention—after obtaining that protection—to seek creditor support for an out-of-court restructuring. The company declined to comment on the matter.

Who are the new co-controllers of Braskem, and when was their control finalized?

Private equity firm IG4 Capital and Brazilian state-run oil company Petrobras became Braskem's co-controllers in early June, completing a deal originally signed in April.

Brazil's Braskem to File Protective Injunction Against Creditors

Jun 24, 2026

Brazilian petrochemical giant Braskem plans to file a protective injunction against creditors to facilitate an out-of-court restructuring. This move follows recent ownership changes where IG4 Capital and Petrobras became co-controllers of the firm.

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