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Braskem SA ( (BAK) ) just unveiled an update.
Braskem S.A. announced an amendment to its leniency agreement with Brazil’s Comptroller General and Attorney General, originally signed in November 2019. This amendment extends the payment schedule and adjusts obligations under the agreement, impacting the company’s financial commitments and requiring approval from Brazil’s Federal Supreme Court. This development signals Braskem’s continued efforts to resolve legal issues and maintain operational stability, which is crucial for its stakeholders and market position.
More about Braskem SA
Braskem S.A. is a leading Brazilian petrochemical company engaged in the production of thermoplastic resins. The company operates in the chemical and petrochemical industries, focusing on the production of ethylene, polyethylene, and polypropylene, serving a global market with a strong emphasis on sustainability and innovation.
YTD Price Performance: -54.88%
Average Trading Volume: 816,334
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.6B
Learn more about BAK stock on TipRanks’ Stock Analysis page.
