BofA update shows where active managers are putting money
Braskem S.A. (B3:BRKM3, BRKM5, BRKM6; NYSE:BAK; LATIBEX:XBRK) announced Thursday that it is considering a range of options to address the current challenges facing Braskem Idesa’s capital structure. The company stated that these discussions are in response to conditions in the global petrochemical industry and external factors impacting Braskem Idesa.
In a statement released Thursday and filed with the U.S. Securities and Exchange Commission, Braskem said it is evaluating measures together with Idesa to manage these challenges. The company did not specify what options are under consideration or provide a timeline for any decisions.
Braskem indicated it will continue to update the market regarding any material developments, in accordance with applicable laws and regulations.
This information is based on a press release statement contained in a regulatory filing.
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