52 articles
A Brazilian court injunction blocks $486 million in funding from Braskem to its joint venture Braskem Idesa, threatening the JV's bankruptcy exit. Braskem plans to appeal the ruling, risking stake dil
Brazilian petrochemical producer Braskem's shareholders are negotiating a counter-offer to a $3 billion capital injection demand from creditors ahead of a late November restructuring deadline. Tension
A Brazilian court halted Braskem's $800 million funding for its Mexican polyethylene unit's US bankruptcy restructuring. The injunction disrupts the petrochemical major's debt reorganization and manda
Braskem negotiates debt restructuring terms with creditors amidst an impasse over shareholder capital injections. While shareholders propose $2 billion, creditors demand $3 billion, risking a court-su
Moody’s warns Braskem’s stake in polyethylene joint venture Braskem Idesa may dilute due to debt restructuring, while Petrobras-Pemex partnerships remain modest despite potential future investments fr
Moody’s analyst warns Braskem’s debt restructuring hinges on creditor quorum, with judicial options looming if support fails. Success depends on resolving financial debt, environmental liabilities, an
Braskem reported a profit surge with EBITDA at $1.043 billion, driven by widened petrochemical spreads amid global supply constraints. Net profit reached $664 million despite rising raw material costs
Braskem approved an out-of-court restructuring plan for $10.9 billion in unsecured debt while maintaining supplier obligations, complemented by a US Chapter 15 filing to secure creditor protection for
Brazil's Braskem risks losing creditor protection on Monday, hindering its planned out-of-court debt restructuring. The petrochemical producer warns that financial instability threatens cash flow requ
Braskem Idesa filed for Chapter 11 bankruptcy in the U.S. to reduce debt by over $920 million while maintaining operations. Parent company Braskem is also exploring restructuring options in Brazil due
Brazil’s Petrobras is considering improved payment terms for Braskem as the petrochemical producer faces an August 24 deadline to restructure debt and avoid bankruptcy protection.
Brazilian petrochemical giant Braskem reported Q2 net income of $636 million, beating estimates due to supply disruptions raising polymer prices, though it faces significant debt and liquidity challen
Braskem, Latin America's largest petrochemical firm, is negotiating an out-of-court restructuring amid over $10 billion in debt. Discussions may commence this month before August deadlines expire, imp
Brazilian polymers major Braskem appointed Deloitte as its independent auditor for 2026-2028, replacing KPMG amid a governance overhaul and shareholding restructuring. Audit services will commence wit
Braskem creditors urge state-owned Petrobras to inject capital before an August 24 deadline to avoid bankruptcy. Petrobras resists increasing ownership while negotiations continue amidst severe financ
Latin American petrochemicals face turbulence in H2 2026 due to US-Brazil tariffs and Braskem's debt crisis. Analysts predict reduced exports and potential production cuts as macroeconomic conditions
Latin America's petrochemical industry faces a turbulent second half driven by Braskem's debt crisis and US tariff disputes. Regional performance diverges as Mexican majors gain while Venezuela's sect
Brazilian polyethylene buyers are securing alternative suppliers due to concerns over Braskem's financial instability, despite a recent debt restructuring agreement. Market uncertainty persists regard
JPMorgan downgraded Brazilian petrochemical giant Braskem to Neutral, halving its target price and cutting 2026 earnings forecasts by 20% due to declining chemical margin expectations post-geopolitica
Methanex plans to shut down its Trinidad methanol plant while Braskem faces a credit downgrade amid debt negotiations. Additionally, the US rejected a USMCA extension, though new gas fields may soon r
JPMorgan downgraded Braskem to Neutral, cutting its 2026 earnings forecast by 20% amid fading petrochemical spreads and debt restructuring challenges. Analysts cite global oversupply of polyethylene a
Brazilian petrochemical giant Braskem was downgraded to default-equivalent ratings by Fitch and S&P following a court-granted 60-day debt standstill. The move signals severe liquidity risks, though th
Brazilian polymer producer Braskem announced a $3.7 billion debt restructuring plan reliant on future polymer price recoveries, causing its stock to drop nearly 11%. The strategy targets stabilized fi
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
Braskem intends to increase chemical output and plant efficiency to 85% by December as Petrobras expands control, targeting market share recovery amid falling ethylene prices. The indebted firm is sim
Private equity firm IG4 submitted non-binding offers to acquire control of Brazilian sugar and ethanol producer Raizen via its creditors. The move follows Raizen's record $12.7 billion debt restructur
Braskem has installed a new executive team led by IG4 Capital partner Helcio Tokeshi as it prepares for an out-of-court debt restructuring due to liquidity concerns. The move aims to secure creditor s
IG4 Capital and Petrobras completed their April deal to become co-controllers of Brazilian petrochemical firm Braskem. IG4 holds 50.1% of voting shares while Petrobras retains 47%, signaling a major g
Braskem faces leadership changes following Novonor's stake transfer to Petrobras and IG4 Capital. New executives, including Helcio Tokeshi for CEO, require shareholder approval in a June 8 vote.
Braskem Idesa’s Mexico unit misses petrochemical price gains due to a cash crunch and debt default, operating at half capacity while seeking $250 million in debtor-in-possession financing.
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