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Braskem S.A. (B3:BRKM3, BRKM5, BRKM6; NYSE:BAK; LATIBEX:XBRK) announced Monday that its subsidiary Braskem Idesa S.A.P.I. has engaged Lazard Inc., Cleary Gottlieb Steen & Hamilton LLP, and Sainz Abogados to evaluate a range of economic and financial options. The move is intended to review Braskem Idesa’s existing capital structure and liquidity conditions.
According to a statement released by the company, the decision is part of Braskem Idesa’s efforts to preserve liquidity and improve results amid ongoing macroeconomic uncertainties, commodity price volatility, higher input costs, and weaker-than-expected demand.
Braskem stated it will continue to inform shareholders and the market of any relevant developments, in accordance with applicable legislation.
This information is based on a press release statement filed with the U.S. Securities and Exchange Commission.
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