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An announcement from Braskem SA ( (BAK) ) is now available.
On January 30, 2025, Braskem S.A. announced its decision to discontinue new investments in its digital transformation vehicle, Oxygea, aimed at partnering with startups. This move is aligned with the company’s strategy to reassess and prioritize its assets and investments, emphasizing optimal capital allocation and cash generation while maintaining innovation as a strategic pillar. The decision reflects the company’s ongoing commitment to developing innovative solutions, despite reallocating resources from Oxygea.
More about Braskem SA
Braskem S.A. is a leading company in the petrochemical industry, primarily engaged in the production and commercialization of thermoplastic resins. It has a significant presence in the Brazilian market and focuses on delivering innovative solutions and products.
YTD Price Performance: 19.00%
Average Trading Volume: 1,009,218
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.87B
Learn more about BAK stock on TipRanks’ Stock Analysis page.
