Braskem SA (BAK) has released an update.
Braskem S.A. has publicly refuted claims of ongoing negotiations for the sale of the company, responding to a news article suggesting PetroChina International’s interest in purchasing. The company has confirmed with its shareholders, including Petrobras and Novonor, that there is no undisclosed information regarding a potential buyout. This clarification comes amid market speculations and maintains transparency with the Securities Exchange Commission of Brazil.
For further insights into BAK stock, check out TipRanks’ Stock Analysis page.