Brazil’s Braskem Files For Extrajudicial Recovery On US$10.9 Billion Debt
Braskem, a major Brazilian petrochemical company, has filed for extrajudicial recovery to restructure roughly US$10.9 billion in financial debt. The process is separate from its Mexican unit's Chapter 11 case and does not yet involve asset sales. The post Brazil’s Braskem Files For Extrajudicial Recovery On US$10.9 Billion Debt appeared first on The Rio Times .
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
