Braskem Debt Tumbles After Advisers Hired to Boost Finances
NegativeFinancial Markets

Braskem SA is facing significant financial challenges as its dollar notes fell sharply after the company announced it has hired financial and legal advisers to help improve its capital structure. This move comes in response to a downturn in the petrochemicals sector and the ongoing repercussions of a long-standing environmental disaster. The situation highlights the difficulties Braskem is encountering and raises concerns about its future stability in a competitive market.
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