Braskem SA produces and markets thermoplastic resins. The company is headquartered in Camaari, Brazil.
202 articles
UBS downgraded Braskem SA to Sell, cutting its price target due to persistent spread pressures and restructuring challenges. The decision follows missed financial results and concerns over high indebt
Braskem S.A. amended its natural gas supply agreement with Petrobras subsidiary Voqen Energia, extending the term to December 2029 and increasing daily quantities. The revised contract is valued at ap
Analysts have issued a consensus "Strong Sell" recommendation for Braskem S.A., citing financial weakness and a bearish outlook despite its status as a leading Latin American petrochemical company.
Braskem S.A. filed for extrajudicial reorganization, suspending debt obligations after securing 39.6% creditor support. The company plans to negotiate a restructuring plan within 90 days involving pot
Petrochemical giant Braskem filed for out-of-court reorganization to restructure $10.9 billion in debt, with analysts suggesting its strategic importance in Brazil could secure support. Its Mexican su
Braskem S.A. disclosed confidential reorganization data and secured a R$ 2.35 billion credit line from Petrobras for raw material purchases. These steps support the company's ongoing restructuring eff
Braskem filed an amended petition for out-of-court restructuring of R$187.07 billion in unsecured debt, seeking a stay on R$400 million in bank deposits. The company has initial creditor support and 9
Braskem S.A. held an extraordinary remote board meeting on August 24, 2026, approving resolutions related to protective measures and potential out-of-court restructuring proceedings for the company an
Braskem S.A. publicly disclosed non-public information shared with senior note holders during its out-of-court reorganization negotiations, complying with confidentiality agreements signed in August 2
Braskem S.A. filed for extrajudicial reorganization to restructure approximately US$10.9 billion in debt, securing initial creditor support. The plan involves potential equity capital injections and d
Braskem secured an out-of-court deal to restructure $10.9B in debt, leading to a 6.7% stock drop despite assurances that operations remain unchanged.
Braskem's board approved a $10.9 billion debt restructuring plan. As Brazil's largest petrochemicals firm and major polypropylene resin supplier, this financial move occurs amidst ongoing resin market
Mexican petrochemical joint venture Braskem Idesa filed for Chapter 11 bankruptcy on August 17, 2026, citing constrained ethane supply and high feedstock costs. A restructuring agreement backed by sec
Braskem SA appointed Deloitte as its new independent auditor for 2026-2028 amid a governance shift to enhance transparency. Analysts currently rate the stock as Sell or Neutral due to weak financial p
Braskem S.A. is assessing capital structure alternatives and discussing restructuring proposals with creditors as a 60-day enforcement stay expires. While emphasizing normal operations, the company st
Braskem's Board approved Deloitte as its new independent auditor starting Q3 2026, replacing KPMG under a new governance arrangement for fiscal years 2026-2028.
Braskem Idesa filed for Chapter 11 bankruptcy protection to restructure $3.6 billion in debt amid liquidity challenges. The plan includes a capital injection from Braskem and debt-to-equity conversion
Braskem secured a 60-day court injunction against creditor enforcement following a Fitch downgrade to Restricted Default status. The company plans to negotiate a consensual capital structure resolutio
Mexican petrochemical producer Braskem Idesa filed for prepackaged Chapter 11 protection backed by a $409 million DIP facility, including $279 million from parent Braskem SA. The restructuring plan ta
Petrobras is considering offering easier payment terms for raw materials to support Braskem's out-of-court restructuring. This measure aims to ease cash flow issues and facilitate filing before an Aug
Braskem Idesa, a joint venture between Braskem and Grupo Idesa, filed for Chapter 11 bankruptcy to restructure debt at its Veracruz polyethylene plant. Braskem will inject $476 million to retain major
Braskem SA injects $476 million to support Braskem Idesa's prepackaged Chapter 11 filing, reducing senior debt from $2.5 billion to $1.6 billion while maintaining majority control and uninterrupted op
Braskem S.A. injected $476 million into its joint venture Braskem Idesa after it entered prepackaged Chapter 11 proceedings. The restructuring reduces senior debt to $1.6 billion while operations rema
Braskem Idesa reached a consensual restructuring deal reducing senior debt from $2.5 billion to $1.6 billion, supported by a $476 million contribution from Braskem S.A. The company filed for Chapter 1
Braskem Idesa filed a pre-packaged Chapter 11 bankruptcy to reduce over $920 million in debt, securing a restructuring agreement with key stakeholders including Braskem S.A. and Grupo Idesa.
Braskem forecasts weak resin markets persisting until 2027 as Middle East margin advantages diminish. The Brazilian petrochemical giant reported nearly $14 billion in 2024 sales.
Braskem reported strong Q2 2026 EBITDA driven by higher international spreads and a supply shock across all segments. However, the company forecasts spread normalization and faces ongoing challenges f
Braskem reported a 2Q26 recurring EBITDA of US$1,043 million driven by stronger international chemical spreads amid Middle East trade disruptions. Despite structural petrochemical challenges, the comp
Braskem missed Q2 2026 earnings and revenue estimates despite higher operating profit from petrochemical spreads, causing shares to fall. Management cited tactical gains amid structural challenges lik
Braskem S.A. reported Q2 2026 earnings with an EPS of $1.62, surpassing analyst estimates. Conversely, revenue totaled $4.16 billion, missing forecasts by approximately $523 million.
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