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Braskem SA ( (BAK) ) has shared an announcement.
Braskem S.A. announced a recent legal development involving a lawsuit against Novonor SA and NSP Investimentos SA. The São Paulo Court of Justice partially favored Novonor’s appeal, reversing a previous sentence and denying Braskem material damages. This decision could be appealed further, impacting Braskem’s legal strategy and its financial considerations contingent on the lawsuit’s outcome.
More about Braskem SA
Braskem S.A. operates in the petrochemical industry and is known for its production of thermoplastic resins and other petrochemical products. Headquartered in Camacari, Brazil, Braskem is a publicly held company with shares listed on B3, NYSE, and LATIBEX. The company focuses on delivering sustainable solutions in the chemical and petrochemical sectors.
YTD Price Performance: -42.86%
Average Trading Volume: 733,785
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2B
See more insights into BAK stock on TipRanks’ Stock Analysis page.
