Braskem SA (BAK) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Braskem S.A., adhering to CVM Resolution 80/2022, disclosed details on a series of transactions with significant shareholder Petrobras, involving spot purchase and sale agreements of polymer-grade propylene totaling R$50 million. The agreements offer price and volume flexibility, with the latest reaching the mentioned amount by reallocating propylene volumes from prior contracts. Transactions are based on international propylene prices, ensuring compliance with market value.
For further insights into BAK stock, check out TipRanks’ Stock Analysis page.