Braskem SA (BAK) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Braskem S.A. has disclosed a series of related-party transactions with Petrobras, involving spot purchase and sale agreements for polymer-grade propylene. These transactions, including a recent R$50 million deal, are part of ongoing contracts with flexible pricing and quantity terms, all benchmarked against international propylene prices. The company assures that the negotiations and decisions for these deals were conducted without the participation of the counterparty’s partners or managers in Braskem’s decision-making process.
For further insights into BAK stock, check out TipRanks’ Stock Analysis page.
