Braskem SA (BAK) has released an update.
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Braskem S.A. has publicly responded to the Securities and Exchange Commission of Brazil, clarifying that it is not involved in any negotiations regarding the sale of shareholder stakes, countering recent news reports. The company affirms that both Novonor and Petrobras, two major shareholders, have not reported any significant developments that would require disclosure. The clarification comes amid rumors of creditor banks considering a joint control of Braskem by converting their credits into company shares.
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