Braskem SA (BAK) has released an update.
Braskem S.A., the Brazilian petrochemical company, has informed shareholders of a legal victory confirming no wrongdoing in the election of its Board of Directors for the April 2022 meeting. A lawsuit seeking to annul the election and impose an urgent injunction was dismissed, with the court recognizing the proper legal procedures were followed and issuing a final, unappealable certificate. This marks the end of the legal dispute over the board’s election process, ensuring stability in the company’s governance.
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