Braskem is trading at BRL 3.70, with a -5.13% change after a São Paulo court suspended planned transfers and financing support for Braskem Idesa’s Chapter 11 restructuring.
- The court acted following a creditor request.
- The blocked package includes $415 million in financing and a $71 million capital injection.
- Reuters reports disbursements are suspended until further notice, creating uncertainty around the subsidiary’s restructuring.