Braskem is trading 7.8% down at BRL 5.20 after renewed creditor pressure on Petrobras and IG4 to inject capital.
- The company is negotiating an out-of-court restructuring covering more than US$10 billion of debt.
- Creditors have not reached an agreement.
- A creditor-protection deadline expires on August 24, raising concern Braskem could face judicial reorganization if negotiations fail.