Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Braskem’s $11 Billion Debt Rework Puts Spotlight on Petrobras

Braskem SA’s announcement of an $11 billion debt restructuring staved off an immediate crisis that would have pushed it into bankruptcy protection. But the parties remain far apart on key issues ranging from terms of shareholder support to how existing debt will be reworked.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

More from Tuesday 25 August →