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Petrochemicals Giant Braskem Seeks Support to Start Out-of-Court Rework

Petrochemicals Giant Braskem Seeks Support to Start Out-of-Court Rework
Key Points

A worker walks past the Braskem SA petrochemical plant in Camacari, Brazil, on Tuesday, July 28, 2015. Brazilian prosecutors claim that Braskem bought the petroleum product naphtha at below-market prices from Petrobras in transactions that allegedly cost the state-run oil company 6 billion reais ($1.8 billion).

A worker walks past the Braskem SA petrochemical plant in Camacari, Brazil, on Tuesday, July 28, 2015. Brazilian prosecutors claim that Braskem bought the petroleum product naphtha at below-market prices from Petrobras in transactions that allegedly cost the state-run oil company 6 billion reais ($1.8 billion).
Braskem SA (ORG) Camacari (LOCATION) Brazil (LOCATION) Brazilian (ORG) Braskem (ORG) Petrobras (ORG)
Originally published by Bloomberg Markets Read original →