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Braskem S.A. (NYSE:BAK; B3:BRKM3, BRKM5, BRKM6; LATIBEX:XBRK) announced Friday that it has engaged financial and legal advisors to support the company in evaluating economic and financial alternatives aimed at optimizing its capital structure. The information was disclosed in a press release statement submitted to the Securities and Exchange Commission.
The company stated that this step is part of its ongoing efforts to address the prolonged downturn affecting the chemical industry. Braskem said it remains focused on implementing initiatives to mitigate the impacts of current industry conditions and to strengthen the competitiveness of the Brazilian chemical sector.
Braskem indicated it will keep shareholders and the market informed of any material developments related to this process, in accordance with applicable regulations.
The announcement was signed by Felipe Montoro Jens, Chief Financial and Investor Relations Officer.
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